{"id":408660,"date":"2020-12-24T17:00:35","date_gmt":"2020-12-24T17:00:35","guid":{"rendered":"https:\/\/ktsl888.com\/?p=408660"},"modified":"2020-12-24T15:58:20","modified_gmt":"2020-12-24T15:58:20","slug":"bitmex-research-predicts-bitcoin-trading-between-2k-and-15k-in-2020","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitmex-research-predicts-bitcoin-trading-between-2k-and-15k-in-2020\/","title":{"rendered":"BitMEX Research Predicts Bitcoin Trading Between $2K and $15K in 2020"},"content":{"rendered":"

BitMEX is currently the dominant trading platform across the cryptocurrency market, and often speaks to or makes predictions about the state of Bitcoin<\/a> with enough authority that people do indeed listen up intently.<\/span><\/p>\n

They\u2019ve even made some accurate predictions about Bitcoin price in the past, and are now predicting that the leading cryptocurrency by market cap will not set a new all-time high in 2020, and will trade no lower than $2,000 but not higher than $15,000 during the new year.<\/span><\/p>\n

BitMEX Research Makes Predictions On Bitcoin Price for 2020<\/h2>\n
The new year is almost upon us, and its time to not only reflect on the past year, but to make bold predictions as to what may occur in the upcoming year.<\/span><\/p>\n
Related Reading | Bitcoin Price Reaches Fair Market Valuation, While Costs of Production Rise<\/a><\/strong><\/em><\/p>\n
In the past, BitMEX<\/a> CEO Arthur Hayes and his team have made accurate predictions about Bitcoin\u2019s bottom. In their latest tweet, the BitMEX Research team have made some predictions about the future price of the first-ever cryptocurrency.<\/span><\/p>\n
The predictions suggest that Bitcoin price won\u2019t trade any lower than $2,000, over $1,000 lower than the current bottom of the bear market \u2013 a price Bitcoin set over a year ago today.<\/span><\/p>\n
If that isn\u2019t the low for the bear market, Bitcoin<\/a> price would need to revisit the low around $3,100, and that retest of support would need to fail for bears to buy $2,000 or lower BTC.<\/span><\/p>\n
On the high end, Bitcoin price won\u2019t break above $15,000, about $1,000 higher than the most recent local high it reached back in July 2019, before reentering a downtrend for the past five months.<\/span><\/p>\n
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2020 Predictions:<\/p>\n
– $BTC<\/a> over $2,000, but also under $15,000
– $BTC<\/a> dominance under 75%, but also over 30%
– CSW says: 2021 is year the Chinese shutdown BTC mining & 1m of his coins hit the market (Whatever else)
– #MATIC<\/a> falls in value by over 80% @NemanjaMatic<\/a> <\/p>\n
Happy New Year<\/p>\n
— BitMEX Research (@BitMEXResearch) December 24, 2019<\/a><\/p><\/blockquote>\n