Arthur Hayes, Crypto expert, reveals the reason for the bitcoin price of $ 110,000 before 76500 dollars
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Bitcoin entered The relative calm periodAt its price, it swings between $ 81,000 and 89,000 dollars during the past few sessions. This newly discovered stability reassured many merchants, as the possibility of a sharp decline in less than 80,000 dollars has reduced significantly. The pressure began to rest, Buyers gradually interveneAnd it appears that the market is in the accumulation stage, which is often an introduction to another crowd.
Even with the reduction of the sale pressure, there is still a risk of a breakdown less than $ 80,000 at any moment. However, Arthur Hayes CEO and the famous investor and famous investor ARTHUR Hayes participated in a bold drop that Bitcoin would reach $ 110,000 before re -testing the price level of $ 76,500.
Arthur Hayes expects $ 110,000 before any decline to 76,500 dollars
As is the case, Bitcoin is closer to $ 75,000 of more than $ 110,000, but the famous famous commentator Arthur Hayes believes that the leading cryptocurrency will reach the latter before the previous. The rise will be translated into $ 110,000 to the highest new level ever in Bitcoin, with a peak of 108,786 dollars, in January.
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Nowadays, Bitcoin is traded at about 20.3 % less than that, and Fears about the deepest correction Good. The possibility of declining to $ 76,500 is still a real source of concern, especially since this price sits under the lowest local level for this month, and it can be re -testing quickly before another bounce up.
Hayes comments On the social media platform, it provided both the target price and the logical basis for the macroeconomic economy. “I bet $ BTC up to $ 110,000 before re -testing 76.5 thousand dollars,” Hayes said, explaining that the market momentum And transformations in monetary policies Bitcoin price is likely to raise the price of another about 76,500 dollars. He went further to suggest that once Bitcoin crossed $ 110,000, he may not look back until he begins to approach $ 250,000. This targeted price is frequented by the expectations of other encryption analysts.
The transformations contained in monetary policies
Essential to thinking about Hayes is the changing federal reserve position on liquidity. He indicated that The Federal Reserve is the transfer From quantitative tightening (QT) to a new stage of quantitative dilution (QE), especially in the cabinet market. Although the Federal Reserve has participated in the quantitative tightening (QT) since June 2022, there are now discussions about the cessation or slowdown of the surface flow of the public budget. According to Reuters, Some analysts expect Transform towards a more like QE.
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This shift may pump more liquidity into the financial system, causing assets like bitcoin to higher levels. Hayes also rejected concerns about inflation, saying that the Federal Reserve Speaker seems to be considered “temporary inflation.”
At the time of writing this report, Bitcoin is trading at $ 86,600, as it was traded at the highest level during the day 88,713 dollars during the past 24 hours.
Distinctive image from Unsplash, Chart from TradingView.com
