Bitcoin (BTC) trading at $2,800 isn’t scary as long as it happens before May’s block reward halving, Tone Vays believes.

Bitcoin (BTC) trading at $2,800 isn’t scary as long because it happens before May’s block reward halving, Tone Vays believes.In the latest edition of his Trading Bitcoin YouTube series on March 18, the celebrated trader said that as of now, he's eyeing a floor for BTC/USD of $2,000.
Vays: I “always anticipated” $2,800 BTC
In his view, Bitcoin had room to halve in value within the period before the halving, scheduled for around May 9.
“It’s scary after the halving; it’s not scary before the halving,” he summarized a few $2,800 level.
“In fact, I always anticipated it before the halving — so it’s getting there, albeit it’s a couple of weeks before the halving, i'm perfectly fine with it.”
Last week, Vays involved Bitcoin to return below $5,000 after it briefly rallied following Wednesday’s epic daily losses which at one point totaled 60%.
Continuing, he said that $2,800 levels practically represent the completion of a forecast 80% drop from 2019’s highs of around $13,800. Last week’s low of $3,700, he nonetheless added, was likely “close enough.”
“What Bitcoin was built for”
Vays isn't alone. consistent with statistician Willy Woo, Bitcoin is in line for losses before a serious retaliation takes hold of the market.

“Dump then moon. We are undergoing flight to safety immediately , BTC is trying to find its bottom,” he tweeted on Wednesday.

“But know that when rock bottom is in there are strong bullish pressures ahead. It's this economic environment within the years ahead that Bitcoin was built for.”

Meanwhile, Cointelegraph reported, current theory round the halving focuses on miner profitability. Bitcoin’s losses have likely forced out smaller miners, given its cost is currently several thousand dollars above the cash price .

As such, major players, like those producing hardware, are going to be ready to devour the slack and claim more in block rewards, thus countering the impact of the availability dropping 50% in May.