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Could Bitcoin revisit $3,000? BitMEX CEO thinks it’s possible for this reason

As Bitcoin has effectively doubled since the $3,700 bottom put in on Mar. 12, the so-called “fear of missing out” has started to spread amongst BTC investors as optimists believe the cryptocurrency is poised to burst back into a full-blown bull market.

However, the CEO of BitMEX, Arthur Hayes, is signaling caution, suggesting that there’s a case to be made that the bottom falls out yet again. This comes after he wrote on the eve of the Mar. 12 crash that the Bitcoin market had not yet seen “maximum pain.”