RATE Group | Bears Strike Again: BitMEX Analysts, CEO Call For Bitcoin Price To Hit $2,000
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Bears Strike Again: BitMEX Analysts, CEO Call For Bitcoin Price To Hit $2,000

03 Nov Bears Strike Again: BitMEX Analysts, CEO Call For Bitcoin Price To Hit $2,000

Posted at 04:41h in Bitcoin News by

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The Bitcoin “Bear Market Blues”

Just days ago, as reported by Ethereum World News, Arthur Hayes, the CEO of Hong Kong-headquartered BitMEX, told Yahoo Finance that the lack of volatility in Bitcoin (BTC) could continue into 2019 (and potentially 2020). The long-time crypto pundit went on to cite his trading experience as the catalyst behind this prediction, alluding to the theory that Bitcoin’s “nuclear bear market” in 2014 and 2015 may be replicated today.

Following Yahoo Finance’s report, Hayes and the researchers under him revealed further bearish sentiment, issuing an analysis of the crypto market in BitMEX’s most recent edition of “Crypto Trader Digest.”

The report’s Bitcoin analysis segment, which was subtitled “Bear Market Blues,” first explained that “humans are very bad forecasters,” adding that…

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