Bitmex CEO Arthur Hayes predicts $10,000 Price target for Bitcoin until end of 2019 in the NewsLetter published on 22 March 2019.
Bitmex is the popular Bitcoin Marginal Trading Exchange providing upto 100x leverage trading with Bitcoin.
Arthur Hayes said in newsletter :
“The 2019 chop will be intense, but the markets will claw back to $10,000. That is a very significant psychological barrier. It’s a nice round sexy number. $20,000 is the ultimate recovery. However, it took 11 months from $1,000 to $10,000, but less than one month from $10,000 to $20,000 back to $10,000.
Melissa Lee peep this. $10,000 is my number, and I’m stickin’ to it. “
Bitcoin suffered from a long bear market in 2018 where Bitcoin priced dropped to $3200 in Q4 2018.
Most of the experts predicted that $3200 was the Bottom price for the Bitcoin. Some claimed that bear market of Bitcoin is over and now Bitcoin is doing sideways.
Some Technical Analysis experts said that Bitcoin is repeating the exactly 2014-2015 bear market cycle and bull trend may started from end of 2019.
Volume of Bitcoin is increasing continuously from last 2 months by hitting the ATH since last 12 months.
Last month Thomas Lee the Co-founder and Advisors of Fundstrat Global predicted that Bitcoin bull run will started from August in an interview with CNBC.