Veteran Trader Predicts Bitcoin Dip in January, Cautions of Potential Sell-the-News Event Around SEC's Spot BTC ETF Decision
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Veteran trader Tone Vays predicts Bitcoin's unprecedented run is likely ending soon, expects a dip in January
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Vays forecasts a "sell-the-news" type event for Bitcoin around when the SEC decides on spot BTC ETF bids
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Whether SEC approves or denies ETF bids, Vays sees it as a sell-off event given Bitcoin's 200% price surge this year
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If Bitcoin crashes to $35k-$36k before the SEC decision, Vays says approval could spark a rally
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Bitcoin trading around $43,172 currently; Vays eyed a top around $48k in mid-January