BitMEX CEO Warns: Bitcoin Price Could ‘Absolutely’ Retest $3K
Published on:
Apr/11/2020
BitMEX CEO Arthur Hayes believes Bitcoin can absolutely retest the $3000 region once again. Another successful trader shares that sentiment.
He and a pseudonymous trader known as “Crypto Capo” both correctly predicted the Bitcoin (BTC) price to drop to the $3,000s in early 2020.
In the BitMEX Crypto Trader Digest letter dated April 9, 2020, Hayes said that as the U.S. stock market sees another leg down, all asset classes could “puke,” causing Bitcoin price to correct.
If you can wait things out, Hayes predicts Bitcoin will finish strong to close out 2020, potentially reaching $20,000. This aligns with the tendency of the Bitcoin price to surge 10 to 11 months after the block reward halving takes place.
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