For some days now, the cryptocurrency market has been plateauing with Bitcoin maintaining a $4,000 value. While this continue, Cryptocurrency expert and CEO of BitMEX, Arthur Hayes, has shown optimism that Bitcoin will definitely rise again before this year runs out.
Arthur, in his prediction, said Bitcoin price will claw back to $10,000 in 2019. The cryptocurrency expert in a newsletter published on March 22, said the price recovery will start in the early period of quarter four of 2019.
The CEO of BitMEX after recognizing that the 2019 chop will be intense, added that “the markets will claw back to $10,000.”
He said: “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.”
Different prediction has earlier been published by Today’s Gazette. At some point the cryptocurrency platform published that crypto educator and advisor to TourDeCrypto and Rapids blockchain project, Nick Hellmann, said the much expected Bitcoin bull run will see price go up as high as 650% to 700%.
While the crypto expert aired that Bitcoin would also reach $100,000, he also said historical trend did not point to $100,000, but based his prediction on the fact that the big institutions joining the cryptocurrency space will push its value to the whopping sum.
Recently, DonAlt in an interview with CCN also predicted that the price of Bitcoin will first touch the $4,600 mark before the next bull run begins.
Meanwhile, the crypto space, is at the moment, expecting a bull run after Bitcoin failed to return to its 2017 –$20,000.
As predicted by different crypto experts, Bitcoin price has the possibility of touching the $20,000 mark again, before this year runs to an end, may be.