The Bitmex CEO yesterday reaffirmed that Bitcoin would join the 5000 USD zone before the next rally. It, therefore, expects more than 30% of losses on the market while the operators are rather optimistic.
Imminent downturn on Bitcoin?
For the CEO, bitcoin will reach $ 50,000 by the end of 2018. However, a return within the range between $ 3,000 and $ 5,000 seems inevitable for him. Nevertheless, he maintains his assertion “We are only a small decision away from 20,000 or 50,000 USD, maybe the SEC’s decision for ETFs”. He recalled that the trend is downward in the short term, but that it could, and even it goes, starts up again.
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The return of positive feelings on the market?
In recent weeks, and more particularly in recent days, have been marked by the return of good news on the market. Major players like Korea have clarifies their legislation. Several good news, including ETFs that could be approved bySEC in August, has fallen. Finally, the market seems to have found the support that has pushed back, and the trend is beginning to reverse. Whether from the point of technical analysis, have from a psychological point of view, things are changing positively for the market!