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Bitcoin recovered slightly after a short downtrend with a $ 5,800 dip. The CEO of Bitmex is still waiting for a huge increase in the price of the most popular cryptocurrency in 2018.
Bitcoin rises $ 600 in 5 hours
On Friday night, Bitcoin is experiencing an unexpected increase in its volume, bringing the Bitcoin price to $ 5,800 could recover. Bitcoin fell below $ 5,800 on Thursday, and many are expecting further declines. Ran Neu Ner, moderator of CNBC Africa's Crypto Trader Show, is forecasting a minimum of $ 5,350 over the next few weeks. However, the recent increase has catapulted Bitcoin to $ 6,400 in just a few hours
Although we like to see such a price hike, many have wondered what was the main reason. Looking at the information portals, there was no "big news" that would justify such a pump. Some felt that this was due to expired futures contracts. Many in the crypto community are still uncertain about Bitcoin's future. Most wonder what level Bitcoin can reach in 2018.
Announcement
CEO of BitMEX: Get Up! Top! High!
Arthur Hayes, CEO of BitMEX *, the popular leveraged trading exchange, continues to review $ 50,000 per bitcoin in 2018. Hayes, former traditional badet manager and graduate of Wharton , has made a name in the crypto currency industry. He recently appeared on CNBC Fast Money. During the show, Hayes pointed out that despite the recent downtrend, Bitcoin is well able to reach new heights.
"Well, I think something that goes up to $ 20,000 in one year will be corrected to about $ 6,000
During the interview, he again clarified that Bitcoin is only "a positive regulatory decision perhaps through the intermediary of an ETF approved by the SEC, by the end of the year at $ 20,000" [19659005] While one would only dream of such values at the present time, leading badysts seem to agree that Bitcoin will reach new heights in 2018. Tom Lee of Fundstrat predicts a new high of $ 25,000 and Also points out that Bitcoin only needs ten days to reach new heights. Hayes sees this in a similar way because he pointed out that the period for strong price moves will shorten.
"In the years 2013 to 2015, we went from $ 1200 to $ 200. From 2015 to 2017, we have reached $ 200 to $ 20 000. Well, we have already seen this kind of movement. the time will be shortened because there are many more people in the market who have invested capital and resources to trade this badet clbad. "
Increased cash flow and rate hikes High Interest The hypothesis has caused a shortening of the lag between an aggressive bear market and an aggressive bull market.We are curious to know how the Bitcoin price will evolve, especially as of the fourth quarter of 2018.
Source: Newsbtc, Image: pixabay, CC0
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