Bitcoin has witnessed a sharp decrease over the past few days, as it decreased to less than 80,000 dollars again for a very short period during the past 24 hours. Although the price of the original has been recovered since then and is now trading more than $ 80,000 at the time of writing this report, there is still a continuous sale pressure to another fracture less than this price level before the weekend.
Latest statements from Arthur HayesThe co -founder of BitMex, indicates that this withdrawal is part of the correction of the typical bull market, and Bitcoin may continue to decrease until the matter It reaches the bottom of about $ 70,000.
Arthur Hayes Bitcoin Future price: $ 70,000 on the horizon?
The Bitcoin collapsed was from its highest level ever 108,780 dollars about 30 %. Arthur Hayes recently created the accident, describing it as a typical correction in the bull market. In a modern post on X, Hayes Make up For Bitcoin’s path, he stated that Bitcoin may expand its corrections in the short term. In particular, Hayes noted that the BTC price “is likely to be about 70,000 dollars.”
Hayez advised that Traders who try to buy a current price may face more negative aspect before the market settles. For investors who do not want to withstand more risks, it recommends that central banks be waiting for the start of mitigating monetary policies in the BTC code before purchasing. He pointed out that a crash in the S&P 500 and NASDAQ-100 will be perfect for downloading more BTC.
Moreover, a mixture of disturbances in the stock market and economic stress leads Intervention The Federal Reserve, the European Central Bank, the Popular Bank of China and the Japan Bank will indicate an ideal entry point for bitcoin accumulation.
The timing of such an event is still uncertain, but the Hayes strategy suggests waiting for clear signals from central banks before making large -scale investments.
Short -term goals: BTC path to $ 70,000 or recovery?
However, many critical price levels should be tested before Bitcoin reaches this price. On March 9, Hayes Note that bitcoin The right track was to re -test 78,000 dollars, and he warned that failure to keep this level could lead to a move of about 75,000 dollars. During that time, BTC It started the week with A decrease from 85,000 dollars to 81,000 dollars. He also pointed to the large open interest in contract options ranging from $ 70,000 and $ 75,000, which may lead to a volatile reaction if BTC enters this range.
At the present time, BTC has turned a little, and it regained a brand of $ 80,000, but the feeling of pressure and pressure pressure Currently uncertainty. At the time of this report, Bitcoin is trading at $ 82,725, an increase of 1.67 % over the past 24 hours.
Distinctive image from Istock, Chart from TradingView.com
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