Cryptocurrency market still shows signs of active volatility. Bitcoin’s violent fall to $86K again has sent the markets into a frenzy, and investors are rushing to secure their money. Arthur Hayes, a crypto-expert, has added a new hypothesis, stating that Bitcoin could beat the odds and trade at $250K before the end of 2018.
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Hayes Bullish Bitcoin signals
Arthur Hayes (former CEO of Bitmex) shared that despite recent market declines and the Bitcoin crash, his optimism for tokens future recovery is unwavering. Hayes explained that the current market downturn is a part of Bitcoin’s bottoming out process. This will lead to a rapid price rise in time.
Experts were quick to highlight his theories, pointing out that Bitcoin’s price could drop as low as $80000 before experiencing an incredible bounce. It will eventually scale to $250000 by the end of this year.
“ARTHUR HAYES: BITCOIN WILL SURGE TO $250K!!! BTC’s slide from $125K to $90K while stocks sit at highs signals tightening liquidity. Hayes expects a dip to $80K – $85K before a liquidity reversal sends $BTC to $200K – $250K.”
Tom Lee, the CEO of Fundstrat has come up with an identical theory. Lee quickly shared his analysis and explained how Bitcoin’s bottom was already paving the way for BTC’s new ATH to be reached by January.
Why Are BTC Prices Plummeting?
A new detail BTC post uploaded by Open4profit on XThe latest BTC dump was triggered due to a situation of panic selling after Strategy’s Phong Le stated reasons for their BTC sale.
“First, MicroStrategy’s CEO, Phong Le, explained the only time they would sell $BTC is. If their stock goes below the value of their $BTC. And if they have no money left to run the company. He didn’t say they are selling now, but the market panicked anyway, and fear spread fast.”
The two-year Japanese yield has risen above 1%. This shows how the cost of borrowing is increasing around the globe, which causes investors to take a more cautious approach.
“Then the real pressure hit. 🇯🇵 Japan’s 2-year yield jumped above 1%, showing borrowing costs are rising worldwide. Big institutions started selling risky assets, and $BTC got hit too. Once the price fell, support broke, stop losses triggered, and overleveraged traders got liquidated. With thin weekend liquidity, a small drop became a $5K crash in minutes. No big news, just fear, macro pressure, and a liquidation cascade.”
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Source: watcher.guru
