SEO Bit MIX Arthur Hayes: Bitcoin has not yet reached the minimum values
On Tuesday, July 17, the bitcoin price for a long time was able to overcome the resistance of $7000 and reached the price of about $7400 in a short period of time, increasing by more than 10% compared to the previous month. However, Arthur Hayes CEO of BitMEX insists that bitcoin has not yet reached its bottom and could drop to $5,000 before reaching $50,000 this year.
"I don't really think we've seen worse times for bitcoin," he said during an interview with the fast Money program on CNBC.
Moreover, Hayes believes that bitcoin will even be able to grow to $8000-$9000 before it starts its fall.
"I would like to see bitcoin test the $5000 mark to determine whether the bottom is really reached and whether we can start to conquer serious peaks," said Hayes.
After the fall of bitcoin below $6000 last month, the recent rally pleased capturadora, but the values are still far below the peak of $20 000 in December last year.
Also, according to Hayes, now on the crypto market, we should expect great volatility due to the fact that investors "relax a little"in the summer months. But in the third and fourth quarter, the situation should stabilize.
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