{"id":88317,"date":"2023-01-31T21:35:30","date_gmt":"2023-01-31T21:35:30","guid":{"rendered":"https:\/\/dripp.zone\/news\/index.php\/2023\/01\/31\/veteran-trader-tone-vays-issues-bitcoin-alert-says-btc-to-hit-triple-headed-resistance-monster-crypto-news\/"},"modified":"2023-01-31T21:35:32","modified_gmt":"2023-01-31T21:35:32","slug":"veteran-trader-tone-vays-issues-bitcoin-alert-says-btc-to-hit-triple-headed-resistance-monster-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/veteran-trader-tone-vays-issues-bitcoin-alert-says-btc-to-hit-triple-headed-resistance-monster-crypto-news\/","title":{"rendered":"Veteran Trader Tone Vays Issues Bitcoin Alert, Says BTC To Hit &#8216;Triple-Headed&#8217; Resistance Monster\n &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p>Popular crypto trader Tone Vays isn&#8217;t convinced Bitcoin (<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/currencies\/bitcoin\/\">BTC<\/a>) will continue upwards in the short term despite the crypto asset&#8217;s sizeable January gains.<\/p>\n<p>The analyst <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=CaMqznGCdDo\">tells<\/a> his 123,000 YouTube subscribers that he thinks BTC will face some &#8220;major, major resistance&#8221; at the $25,000 mark.<\/p>\n<p><em>\u201cI&#8217;ve been waiting for us to hit $25,000, and it&#8217;s going to be a doozy.  Once we get close to $25,000, there&#8217;s a very high probability of rejection\u2026 We do have room on the [momentum reversal indicator]but we&#8217;re about to run into a triple-headed resistance monster that is not going to be easy to break.&#8221;<\/em><\/p>\n<figure id=\"attachment_233660\" aria-describedby=\"caption-attachment-233660\" style=\"width: 1024px\" class=\"wp-caption aligncenter\"><figcaption id=\"caption-attachment-233660\" class=\"wp-caption-text\">Source: Tone Vays\/YouTube<\/figcaption><\/figure>\n<p>The momentum reversal indicator (MRI) is an advanced technical analysis metric predicting trend life cycles based on an asset&#8217;s momentum.  According to the trader&#8217;s chart, the &#8216;triple-headed resistance monster&#8217; appears to be a combination of Bitcoin&#8217;s moving averages on the weekly chart, which are converging around the $25,000 price area.<\/p>\n<p>Vays also says BTC has &#8220;gone up a little too far, a little too fast in the last 30 days&#8221; and thinks the asset will endure a pullback before it kicks off on an actual bull run.<\/p>\n<p>Bitcoin is trading for $22,880 at the time of writing.  The top-ranked crypto asset by market cap is down over 3% in the past 24 hours but up more than 38% in the past 30 days.<\/p>\n<p><iframe loading=\"lazy\" title=\"Huge Breakout This Weekend, $25k here we come!!!\" width=\"740\" height=\"416\" src=\"https:\/\/www.youtube.com\/embed\/CaMqznGCdDo?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" allowfullscreen><\/iframe><\/p>\n<p><span style=\"color: #ffffff;\">I<\/span><\/p>\n<p><em><span style=\"font-size: 13pt;\">Don&#8217;t Miss a Beat <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/join-the-daily-hodl-email-list\/\">SUBSCRIBE<\/a> to get crypto email alerts delivered directly to your inbox <\/span><\/em><br \/>\n<br \/>\n<em><span style=\"font-size: 13pt;\">check <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/crypto-markets\/\">price action<\/a><\/span><\/em><br \/>\n<br \/>\n<em><span style=\"font-size: 13pt;\">Follow us on <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/TheDailyHodl\">Twitter<\/a>, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.facebook.com\/thedailyhodl\/\">facebook<\/a> and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.me\/thedailyhodl\">Telegram<\/a><\/span><\/em><br \/>\n<br \/>\n<em><span style=\"font-size: 13pt;\">surfing <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/daily-hodl-mix\">The Daily Hodl Mix<\/a><\/span><\/em><br \/>\n<\/p>\n<div class=\"hideinamp\">\n<p><center><a rel=\"nofollow noopener\" target=\"_blank\" class=\"maxbutton-4 maxbutton maxbutton-check-out-the-latest-headlines-bigger\" href=\"https:\/\/dailyhodl.com\/news\/\"><span class=\"mb-text\">Check Latest News Headlines<\/span><\/a><\/center><\/p>\n<p>&#038;nbsp<\/p>\n<p><center><img loading=\"lazy\" decoding=\"async\" class=\"\" src=\"https:\/\/dailyhodl.com\/wp-content\/uploads\/2018\/06\/Get-Alerts-728x90.png\" width=\"800\" height=\"99\"\/><\/center><\/p>\n<h6>Disclaimer: Opinions expressed at The Daily Hodl are not investment advice.  Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets.  Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility.  The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor.  Please note that The Daily Hodl participates in affiliate marketing.<\/h6>\n<\/div>\n<p><em><span style=\"font-size: 10pt;\">Generated Image: Midjourney<\/span><\/em><\/p>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Popular crypto trader Tone Vays isn&#8217;t convinced Bitcoin (BTC) will continue upwards in the short term despite the crypto asset&#8217;s sizeable January gains. The analyst tells his 123,000 YouTube subscribers that he thinks BTC will face some &#8220;major, major resistance&#8221; at the $25,000 mark. \u201cI&#8217;ve been waiting for us to hit $25,000, and it&#8217;s going [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":88318,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-88317","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/88317","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=88317"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/88317\/revisions"}],"predecessor-version":[{"id":88319,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/88317\/revisions\/88319"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/88318"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=88317"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=88317"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=88317"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}