BITMEX CEO EXPECTS DOWNTREND TO CONTINUE
Arthur Hayes, CEO of the major bitcoin exchange BitMEX,said that the price of BTC is most probably to achieve $50,000 by the end of 2018. Hayes also said that BTC will bottom out or reach in the range of $3,000 to $5,000. But, in the mid-term, BTC will surpass its all-time high.
“I think that something that goes up to $20,000 in one year can have a correction down to $6,000 and will definitely find a bottom at about $3,000 and $5,000 range,” Hayes said in an interview.
Investors are seeing a correction to be as same as of 2014, and have sold all their holdings leading to oversold conditions, due to which the experts are predicting a new bull run will occur in the last quarter of 2018.
what do you think, will bitcoin reach 50000 dollar at the end of this year?
comment below :)
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it will reach its peak
After a long time the market has taken a real uptrend today. Hopefully bitmex gets it wrong..
This year will be very interesting for bitcoin & other crypto currency over all. Because this year crypto market will expose the real investor & as doing now. Holding is key
i dont care if bitcoin will go to 1000 because it will soon be high
We can't say anything.. We have to wait and watch.
That’s a good news! Let’s buys one btc stuff & get profitable!
@jatinkkalra
Yes i hope bitcoin is breack to ALL TIME HEIGH end of this yea.Not to touch 50k$
Even i think sam as ceo of bitmex. Growth of Bitcoin in 2017 was totally unexpected no one was expecting that this will touch 20k$ mark in short span of time. For further details check https://steemit.com/mgsc/@yogesh.aggarwal/why-we-can-expect-crypto-will-go-down-further
Crypto is now becoming Game of WHALES!!!!!
@jatinkkalra but prediction from bitmex CEO is going against