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The perfect zone to buy Bitcoin’s case is $ 11,000, says Tone Vays

October 15, 2020

Bitcoin (BTC) is bullish on three key areas and a “perfect” purchase now costs no less than $ 11,000Says the popular trader Ton Vays.

In the latest edition of his Trading Bitcoin series on YouTube on October 14th, Vays presented an optimistic assessment of the Bitcoin price, which in his opinion has hardly any bearish characteristics.

Vays: The $ 11,000 zone is a “perfect” drop

By examining the weekly and daily charts Vays noted that there was little reason to expect a significant pullback beyond a “one to four candlestick correction”..

The perfect zone to buy Bitcoin’s case is $ 11,000, says Tone Vays
The perfect zone to buy Bitcoin’s case is $ 11,000, says Tone Vays

This continues, and the BTC / USD pair has been consolidating gains since the beginning of the week. If this period did not last more than four days as predicted by Vays, i.e.I say I would try and buy the drop for $ 11,000.

“I would try to buy the fall or the break, but I don’t know how it will be,” he summarized.

“So if I’m going to buy autumn, where would the perfect autumn be? Well, the perfect drop would be … around $ 11,000. “

The advice came immediately after a warning not to curtail the current correctionAnother indication that expectations remain optimistic.

The trend towards $ 11,000 can also be broken early. In this case, a purchase area between $ 11,537 and $ 11,570 would be sufficientsays Vays, aiming for two previous candlestick technical highs.

BTC / USD 1 week daily price chart

Daily price chart BTC / USD 1 week. Source: Coin360

Big buys feed BTC bulls

Along with the weekly and daily Bitcoin charts New company acquisitions fuel Vays’ optimistic viewbut he is not alone.

As Cointelegraph reported, various analysts and traders, as well as existing executives in the Bitcoin business They are increasingly convinced that a crucial moment is approaching in prices.

In particular, the business interest was highlighted by the Grayscale CEO. Barry Silbert, this week, followed by fund manager Dan Tapeiro.

A surge in interest in Bitcoin futures further consolidates returns on institutional interest.

Long-term indicators complete the picture as the performance of the stock flow is going according to plan and fundamentals such as the hash rate persist near all-time highs. According to current estimates The network difficulties will hit a new record with the next adjustment in two days.