Lamby wait: the expert told how long it will last bearish trend
Source:
The Founder of trade cryptocurrency derivatives Arthur Hayes commented on current market conditions at a meeting Yahoo Finance UK. The event was organized by the magazine The Spectator. According to General Director of the famous crypto currency exchange , bearish trend will continue until the spring of 2020. Throughout 2018, he cried out to lower prices. The expert believes that we will be able to record record highs just after a major news. Hayes compares the current bear market with its condition in 2013.
Hayes also said he does not expect a reduction in the volatility during this period, but conditions may even deteriorate. Trading volume could obmelchanie even more. He picked up the turnover of your previous experience in working with Bitcoin. He first contacted in 2013, while a sharp rise to $ 1,300. This was followed by just a powerful bear market.
The Price is almost zeroed, volumes impoverished – to earn this was impossible.
Hayes belongs to the camp of entrepreneurs who are pessimistic about the future of Bitcoin. Previously, he has tried to predict the depreciation in the range of 3-5 thousand dollars. However, this was before positive steps in relation to the regulation of cryptosphere that can potentially drop the price to the moon. He ventured to suggest that a serious trend reversal will lead, except that approval . These changes are probably driven up the price of BTC to 50 thousand already, even to the end of 2018.
theis There any chance for the growth of Bitcoin?
It is Worth noting that Arthur Hayes is not the only one who predicts Bitcoin new highs. Similar thoughts on the subject of bullish reversal was also expressed by the co-founder of Galaxy Digital , Max Keiser from RT and co-founder of the crypto currency exchange Ox will Warren. Experts give forecasts on prices in the range of 20 to 50 thousand. More data to search for .
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