The Bitcoin news for the past few weeks has been positive in every part of the cryptocurrency community. Those who have been eagerly searching for answers to questions like; will Bitcoin recover, what is the price of Bitcoin today, what is the Bitcoin price prediction 2019, when will Bitcoin hit $20,000 again and so on will be happy to know that there is hope. The latest Arthur Hayes Bitcoin price forecast shows that the price of Bitcoin will spike from the 4th quarter of the year.
Will Bitcoin Recover? Arthur Hayes Bitcoin Price Prediction
Many industry leaders are currently bullish about Bitcoin. A few days ago, as reported by smartereum.com, Tom Lee told traders the best time to benefit from the Bitcoin price in USD. The CEO of Binance and other public figures have all made bullish statements about Bitcoin. Arthur Hayes, the CEO of BitMEX has also joined the list of those offering bullish predictions for Bitcoin.
Bitcoin (BTC) Price Today – BTC / USD
In the Arthur Hayes Bitcoin price prediction, the industry leader said that the price of Bitcoin will rise before the end of the year. According to him, by the fourth quarter of 2019, the Bitcoin price is forecasted to be as high as $10,000. By the end of the year, it is expected to rise as high as $20,000. This Arthur Hayes Bitcoin price prediction was published in a newsletter on the 22nd of March 2019. Hayes decided to publish this letter because many members of the cryptocurrency community have been looking for answers to questions like will Bitcoin recover and how much will one Bitcoin be in the next few months?
Traders who want to profit from the Bitcoin price in USD need to pay attention to analysis and price predictions especially when they come from industry leaders like Hayes. Hayes acknowledged that the dramatic drop from almost $20,000 was a blow. However, he believes that the Bitcoin price will claw back in no time. In his words;
“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.”
What Is the Price Of One Bitcoin Today? Bitcoin To Hit $100,000
On another end of the industry, analyst, Nick Hellmann said that the Bitcoin bull run will take the price of Bitcoin up by 650% to 700%. In a Bitcoin news and price prediction posted on Today’s Gazette, Hellman made an outstanding Bitcoin price prediction that placed the price of BTC at $100,000. He predicted that this Bitcoin bull rally will be ignited by institutional investors.
Another well-known figure, DonAlt, speaking with CCN, predicted that the price of Bitcoin will enter a bull run when it crosses the $4,600 mark. Keep in mind that the price of Bitcoin today is $4,026.6. This means that it has held the support at $4,000 and there is hope of a surge. The trading volume over a 24 hour period is $9,095,970,210 and the market capitalization is $70,904,921,937.
In your opinion, will Bitcoin recover? If yes, is the $20,000 mark probable? Share your opinion in the comment section.