Bitcoin Price Dips Again—What Hayes Thinks Will Happen Next
- Bitcoin faces a 3.65% correction, dropping to $101,146 in 24 hours.
- Arthur Hayes predicts a possible drop to $70K-$75K before a major rally to $250K by 2025.
- Holding above $92K support could lead Bitcoin to new highs while breaking it risks $70K.
In what is the latest in market correction, Bitcoin has taken a hit, slipping 4.45% in the past day to now at $100,380. This dip comes after a period of gains, so now the discussion on where the price is headed to, next.
Analyst Arthur Hayes who has sided with Bitcoin, in the best and worst of times, has said there is a sharp correction down to $70,000 – $75,000 soon. Others, like Crypto Patel, are eyeing key support levels to determine whether Bitcoin can maintain its upward momentum or face further drops.
Arthur Hayes Predicts a Short-Term Dip
Arthur Hayes, the former BitMEX CEO, thinks Bitcoin’s price could fall before another rally. Hayes suggests Bitcoin may drop to around $70,000 to $75,000 soon, triggering a minor financial shake-up, and this decline could be caused by economic factors as central banks restart quantitative easing.
The post Bitcoin Price Dips Again—What Hayes Thinks Will Happen Next appeared first on Coin Edition.
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Bitcoin Price Dips Again—What Hayes Thinks Will Happen Next
- Bitcoin faces a 3.65% correction, dropping to $101,146 in 24 hours.
- Arthur Hayes predicts a possible drop to $70K-$75K before a major rally to $250K by 2025.
- Holding above $92K support could lead Bitcoin to new highs while breaking it risks $70K.
In what is the latest in market correction, Bitcoin has taken a hit, slipping 4.45% in the past day to now at $100,380. This dip comes after a period of gains, so now the discussion on where the price is headed to, next.
Analyst Arthur Hayes who has sided with Bitcoin, in the best and worst of times, has said there is a sharp correction down to $70,000 – $75,000 soon. Others, like Crypto Patel, are eyeing key support levels to determine whether Bitcoin can maintain its upward momentum or face further drops.
Arthur Hayes Predicts a Short-Term Dip
Arthur Hayes, the former BitMEX CEO, thinks Bitcoin’s price could fall before another rally. Hayes suggests Bitcoin may drop to around $70,000 to $75,000 soon, triggering a minor financial shake-up, and this decline could be caused by economic factors as central banks restart quantitative easing.
The post Bitcoin Price Dips Again—What Hayes Thinks Will Happen Next appeared first on Coin Edition.
Read More
CZ’s Advice Could Make BTC, BNB National Assets in Kyrgyzstan