Trader Tone Weiss agrees Bitcoin moves to $ 4,000

Well-known trader in the community, Ton Weiss, agreed with the opinion of the critic of bitcoin Peter Schiff that the price is moving to around $ 4,000. Not all subscribers liked the forecast.

I agree with @PeterSchiff , however the difference is that once it finds a bottom: above, at or below $ 4k, I will be going ALL IN on $ BTC w / whatever I can sell that's not nailed down! #Bitcoin #stacksats https://t.co/RfRHGxjXtt

– Tone Vays [Bali – Financial Summit] (@ToneVays) September 25, 2019

“When bitcoin reaches the bottom above or below the $ 4,000 mark or on it, I will go all-in and sell everything I can [to buy],” Weiss promised.

Not without criticism from the community. Subscribers recalled that previously Weiss predicted the bottom at $ 1300 and $ 3000.

$ 4k ?? Whatever happened to you $ 1300 call? https://t.co/DOkfePGg9f

– Chris.x (@ Chris96576116) September 25, 2019

Irrelevant if I catch it or not, I have been all in for years, you should worry about your money not my money.

– Tone Vays [Bali – Financial Summit] (@ToneVays) September 25, 2019

"You missed the bottom for $ 3,000, why this time everything will be different?"

Weiss retorted:

“Catch or not, I’ve been going all-in for several years. Worry for your money, not mine. ”

The trader added that he is ready to wait for the mark of $ 1,500, if the chart indicates it.

If that's what the charts say then that's exactly what I will do

– Tone Vays [Bali – Financial Summit] (@ToneVays) September 25, 2019

Co-founder of Fundstrat analytical agency Tom Lee reiterated that the fall in bitcoin provoked the sale of risky assets in traditional markets amid macroeconomic instability and the beginning of the impeachment process of Donald Trump.

The downturn in #bitcoin followed the risk-off selloff in #equities .

– reinforces our 'unpopular' opinion bitcoin does not do well in a 'trendless macro' environment.

– New highs needed in S&P 500 before $ BTC can blast off.

Why? We think crypto is retail and thus, risk on https://t.co/y5Yo5NepPz

– Thomas Lee (@fundstrat) September 25, 2019

Lee is convinced that a new rally requires an increase in the S&P 500 index. In his opinion, then investors will be ready to invest in risky assets.

Some analysts linked the collapse with small trading volumes on Bakkt , but this version did not find support in the community.

Of course it wasn't Bakkt, but large sellers coming in at 9300. That's all.

– Alex Krüger (@krugermacro) September 24, 2019

“Of course, this is not because of Bakkt. Large retailers entered $ 9300 , ”said analyst Alex Krueger.

Recall that earlier the price of bitcoin for the first time since June fell below $ 9,000.

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