This cycle of bitcoin price slides will not lead to a deeper crash, and prices of $3,000 are improbable, commented analyst and crypto influencer Tone Vays.
Downward Bitcoin Price Move to Stop Long Before Dip to $3,000
Bitcoin (BTC) price is in a sliding stage, but the bottom will be reached before the coin dips to the $3,000 range, Tone Vays commented on Twitter.
We are in the are of the 2 year anniversary of the All Time Highs for both #Bitcoin & #Shitcoin. While I do not believe this current $BTC low will swing to new lows (< $3k), I do believe that Alts will make new lows.
Q: who will still be mining $LTC under $20? pic.twitter.com/r6U51ogUxj
— Tone Vays [Vegas – Unconfiscatable.com] (@ToneVays) December 17, 2019
Bitcoin price is still recalling its late 2017 performance, where prices touched $20,000 on an intraday high as of December 17. This caused renewed reckoning of how the leading coin could move. Overall, BTC has become the preferred asset, while smaller altcoins are expected to keep sliding.