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The Daily Hodl
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Arthur Hayes Predicts BTC ‘Two-Step’ to $20,000 – Bitcoin, Ethereum, XRP, Litecoin, Bitcoin Cash, Binance Coin, Tron Forecasts

by Daily Hodl Staff
September 3, 2019
in Trading
‏‏‎ ‏‏‎ ‏‏‎ ‏‏‎

‎‎‎ ‏‏‎

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BitMEX CEO Arthur Hayes has once again emerged – this time from the top of Peru’s mysterious city in the sky, Machu Picchu.

Hayes brought with him a new prediction on the price of Bitcoin, saying he thinks it’s now on a path to doubling in value.

Did y’all miss me? I’m back from deepest darkest Peru, ready to cash checks. For those of you in Singapore next week for Invest Asia keep Wednesday night free. We will be two-steppin’ straight to $20k. pic.twitter.com/R0UYHinuHw

— Arthur Hayes (@CryptoHayes) September 3, 2019

Right now, Bitcoin is up 4.97% at $10,661, according to COIN360 at time of publishing.

Ethereum is up 1.18% at $180.15, XRP is up 0.52% at $0.2622 and Litecoin is up 3.39% at $68.92.

Source: COIN360

CoinDesk analyst Omkar Godbole says low volume indicates it’s too early to declare that a renewed BTC bull run is underway.

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“Weak trading volumes, however, indicate the recovery could be short-lived and a fall back to $9,750 could be in the offing in the next day or two. Weekly chart indicators continue to call a bearish move.

A high-volume UTC close above the bearish lower high of $10,956 (Aug. 20 high) is needed to revive the short-term bullish outlook.”

Here’s a look at the latest forecasts from across the cryptosphere.

Bitcoin

CoinDesk – BTC dominance up, but trading volumes tell another story

Bitcoinist – Bitcoin price levels nearing a key breakout point

Ethereum

NewsBTC – Successful close above $180 is needed for bullish continuation

Crypto Daily – Technical support expected around $172, with resistance at $183

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XRP

FXStreet – XRP/USD in consolidation mode, moving within bearish pennant structure

Litecoin, Bitcoin Cash, Binance Coin, Tron

FX Empire – LTC needs support of the broader market to remain above $68

NewsBTC – Crypto market rally looks real: LTC, BNB, BCH, TRX analysis

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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Bitcoin
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Ethereum
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4.38%
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1.5%
XRP
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