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BitMex CEO Precicts Bitcoin’s Local Bottom Is $30K, Earns Nickname ‘New Cramer’

BitMex founder and CEO Arthur Hayes sees $40,000 as a difficult level for Bitcoin (CRYPTO: BTC) to maintain. Expect a local bottom between $30,000 and $35,000, Hayes predicts. What Happened: “I believe Bitcoin will dip before the BTFP renewal decision on March 12th. I didn’t expect it to happen so soon, but I think Bitcoin will find a local bottom between $30,000 and $35,000,” Hayes said in a new blog post. Technically, a 30% correction from the ETF approval high of $48,000 is $33,600, supporting his thesis as the level between $30,000 and $35,000 as support. “That is why I purchased 29 March …