BitMEX reveals its predictions for the crypto market for 2020
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Answer BitMEX reveals its predictions for the crypto market for 2020
The cryptocurrency market is one of the markets that is difficult to control and predict, but there are some previous indicators and data that make it possible to predict their prices in the future at moderate rates.
BitMEX reveals its predictions for the crypto market for 2020
Research platform BitMEX has made predictions about the state of the price of bitcoin and cryptocurrencies in 2020.
From the BitMEX report, the state of the crypto market is somewhat unclear in 2020, and includes some irony and mockery of “Craig Wright” who claims to be Satoshi Nakamoto.
With regard to expectations about the price of bitcoin and the state of the crypto market in general, the platform said that the current trend is bearish and will remain so, and the bitcoin will remain between 2000 – 15 thousand dollars.
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While he carried BitMEX’s prediction of a Bitcoin takeover, which is currently 68.9%, that Bitcoin’s dominance will be somewhere between 30% – 75%.
In the history of Bitcoin, never before has Bitcoin completely dominated the bear market.
Therefore, if we combine the two analyzes together, this represents a greater possibility of a decline in the value of alternative cryptocurrencies.
Recently, the research wing of BitMEX platform released a report on IEO in 2019.
The platform is trying to make one thing clear, which is that IEOs are no different from ICOs.
The research cites the following:
Although the value of Bitcoin has increased since May 2019, all eleven IEOs introduced this year and according to performance data have declined significantly during this period.
In the platform’s latest forecast for 2020, it announced an 80% drop in the value of MATIC.
Ironically, the platform referred to the English footballer “Namanja Matic” in the post instead of managing the MATIC project.
Finally, BitMEX turned on and commented on Craig Wright, who frequently claims to be Satoshi Nakamoto.
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Craig Wright In his recent trial in US Federal Court with Ira Kleiman, Wright stated that the 1 million bitcoins that he apparently allocated during the inception of Bitcoin were secured until 2020 by law.
2020 predictions:
– BTC dollars Over $2000, but also less than $15,000
– BTC dollars Dominance of less than 75%, but also more than 30%
– CSW says: 2021 is the year of the Chinese shutdown of BTC mining and 1 million of its coins hitting the market (nothing else)
– #matic decreases in value by more than 80% Tweet embed
Read:Once again…SEC postpones ruling on Bitcoin ETF
happy New Year
BitMEX Research (BitMEXResearch) December 24, 2019
Read also:
Predictions about blockchain technology and its developments in the year 2020
What are the expectations for digital currencies in 2020
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