Bitcoin (BTC) rise to a higher place $9,000 has turned heads among fresh uncertainty in Red china simply has yet to convince 1 of its best-known traders.

In the latest episode of his Trading Bitcoin YouTube series on Jan. 28, Tone Vays said that despite the past calendar week's upward toll momentum, he was not however bullish on Bitcoin.

Vays: BTC has not confirmed the bull market

"Am I ready to declare a bull market? No," he summarized.

Famously cautious about overly enthusiastic price forecasts, Vays previously warned markets were giving mixed signals and that BTC/USD could dip lower. At the fourth dimension, in mid-January, the pair traded at effectually $8,100.

Suggesting downside at the time was the BitMEX funding rate, an indicator which Vays noted by and large runs contrary to others but has a high caste of accurateness.

Now, as then, the funding charge per unit is "favoring the bears," he continued, but not to the extent it once did.

Nonetheless, Vays concluded that levels above $9,000 — and the 200-day moving boilerplate — demand to concord for several days in guild to convince him of a bullish trend.

"If we autumn back below the 200-solar day moving average, then the double peak holds," he said, referring to Bitcoin's previous trip above $9,000 around Jan. 17.

Bitcoin 7-day price chart

Bitcoin 7-twenty-four hour period price chart. Source: Coin360

Binance CEO demands bear shakeout

Not everyone shared the sentiment of fragility. In a tweet on Tuesday, Changpeng Zhao, CEO of crypto commutation Binance, even urged followers to shun price forecasters who predicted lower levels than now for BTC/USD.

Zhao wrote:

"At present is the time to unfollow people who predicted btc to 5000 in the last couple months, and btc to 1000 a yr agone."

While that should ostensibly include Vays, his perspective echoes traders and analysts who likewise told Cointelegraph that those waiting to buy in at lower levels had already missed their take a chance.

Among them were veteran trader Peter Brandt, equally well equally EzeeTrader partner Charlie Burton.