BitMEX’s CEO prediction: Bitcoin price will rise up to $10,000

Bitcoin price prediction

The BitMEX CEO, one of the biggest cryptocyrrency trading platform, has made some bitcoin price predictions. He says: Bitcoin will reach $10,000 in the fourth quarter of 2019.

A Green Wave is coming for Bitcoin.

For the BitMEX CEO the cryptocurrency market will recovery in Q4 of this year.

His report points out that, the losses, will take some time to be digested by the cryptocurrncy markets. 

However, he tells that it’s not time to be”enthusiasts” for the possibilities of huge gainings inside the cryptocurrency market.

His note continue saying that this year could be a little bit “annoying” because of necessity to digest the losses during the 2018, his line tells that by the Q4 of this year will be more “exciting” and see  the cryptocurrency markets in a green wave trend. 

”The 2019 chop will be intense, but the markets will claw back to $10,000. That is a very significant psychological barrier. […] $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.”

Actually, the BitMEX  trading platform is seeing a huge fall in cryptocurrency funds

However, this notes comes after BitMEX recently reviewed that the issued tokens had crashed from $24.2 billion at its launch, to $5 billion.

BitMEX calculated that the majority of losses in this period derive from the strong decrease in cryptocurrency prices happened during 2018. Particularly, the bear market was said to have influenced for 54% of the losses.

Should be considered that this loss of funds was also moved by a transfer of $1.5 billion to unrecognized addresses. At the time, BitMEX’s report also pretended that the funds’value had been as high as $80 billion.

Image Source: “Pixabay”


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