BitMEX reveals its predictions for the price of Ethereum in 2020
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Answer BitMEX reveals its predictions for the price of Ethereum in 2020
BitMEX, the number one destination for those trading crypto derivatives, earlier announced its 2020 predictions list:
BitMEX reveals its predictions for the crypto market for 2020
And it recently added the prediction of Ethereum (ETH) for the year 2020 in a new tweet bearing several indications.
Shorts picture spread:
BitMEX Research is sure to provide “unbiased” updates on the development of the cryptocurrency ecosystem.
Predicting the future of Ethereum, BitMEX tweeted:
We’re sure it’s time to put on shorts even though it’s cold.
The most hilarious part about this bearish price call is that they already have a pair of shorts with the Ethereum logo in a glass picture frame waiting for an emergency to happen.
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When we made our predictions for 2020, we didn’t mention ETH dollar
Now 2020 is here, next Tweet embed Advice Although it’s cold, we’re about to put ETH dollar shorts
The hard part is knowing when to take it off pic.twitter.com/owuiKpqvto
BitMEX Research (BitMEXResearch) January 4, 2020
As a reminder, BitMEX previously predicted that the bitcoin price will not exceed $15,000 by 2020, despite the hype that accompanies the bitcoin reward split.
I also expected the MATIC coin to drop more than 80% knowing that it had already fallen earlier by 70%.
What is the reason for the collapse of the price of the coin (MATIC) by more than 70 percent within minutes?
The significance of the image of the shorts that the BitMEX platform attached to its tweet, which according to what shows that the shorts were placed in a glass wall, with a note below it stating:
“In an emergency, break the glass and put on Ethereum pants.”
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The indication of the image published by the BitMEX platform is that it is expected that the short trades of Ethereum are the best at the present time, and that the price of Ethereum is expected to drop more with the days.
But given the history of Ethereum’s performance, which usually rises in the first quarter of the year, as did 52% of altcoins in 2019, it is possible that BitMEX’s prediction will end and show how wrong it is.
At the time of writing this article, ETH is valued at $140.
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