In a recent digest issued by the BitMEX Research Desk, Co-founder & CEO of cryptocurrency exchange BitMEX, Arthur Hayes, has made a prediction, according to which, bitcoin may see its bear trend in early Q4 2019.
"The 2019 chop will be intense, but the markets will claw back to $10,000. That is a very significant psychological barrier," Hayes added.
Commenting on why and how bitcoin may re-bounce to $10,000, BitMEX CEO reminded that 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.
Last year, Hayes said that bitcoin may continue to face the same level of volatility and the volume could fall further throughout the year 2019.
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