Bitcoin Won't Bottom Until It Retests $28,500, Believes BitMEX Co-Founder Arthur Hayes

Arthur Hayes - co-founder of BitMEX - just gave an interesting Bitcoin price forecast in his bi-weekly analysis. Despite his expectations that the Federal Reserve won't raise interest rates, he still doubts Bitcoin's bottom will arrive until a $28,500 retest. Calling the Fed's Bluff In BitMEX's latest post from Crypto Trader Digest titled "Bottomless," the former CEO extols cryptocurrencies as the "last free market on earth". He explained that due to "wanton" money printing, large banks and governments are able to capture other asset prices at "politically expedient levels". Afterward, he recognizes that while cryptocurrencies are down significantly in recent…