Arthur Hayes is waiting for BTC growth above $ 100,000

The co -founder of BitMEX Arthur Hayes made it clear that he expects quotes for the first cryptocurrency at the marks above $ 100,000. The driver of the US Treasury bonds will be a rejection of the US Treasury bonds.

“Seriously, friends, this may be your last chance to buy BTC at a price below $ 100,000,” he said with a breakdown of Bitcoin $ 87,000.

Hayes announced an essay dedicated to Baybek predicted by him. The Ministry of Finance uses the purchase of bonds to maintain markets, thus pouring additional liquidity. Historically, the influx of capital has a positive effect on risk assets like cryptocurrencies.

Weakening the dollar as a catalyst for bitcoin growth

On April 16, Fed Chairman Jerome Powell confirmed the wait -and -see and cautious strategy of the department regarding the further decrease in the key rate. He referred to “large -scale duties” introduced by President Donald Trump, the size of which turned out to be “above expected”.

The head of state criticized Powell and called for his resignation, emphasizing the delay with the softening of credit-money policy. For example, the ECB reduced the rate for the seventh time in a row, Trump pointed out.

Andre Dragosh, the head of the BitWise research department in Europe, believes that “the next major macroeconomic catalyst” for the Fed and World Liquness will be data on employment in the United States.

“Given these leading indicators, in the next three months we will not avoid the negative indicator of NFP. The window for accumulating cheap Satoshi closes, ”the expert warned.

Dragos noticed that the current Bitcoin growth coincided with the weakening of the dollar – the DXY index reached the lowest level since March 2022.

According to the investment director of Steno Global Macro Fund, Andreas, the wall of Larsen, if the cheap national currency was the purpose of the Trump administration, the situation clearly got out of control.

“The USD index fell below [уровня поддержки]and it seems that now nothing will stop him, ”he said.

The chief analyst of Bitget Research Ryan Lee in an interview with Cointelegraph confirmed that the weakening of the dollar and the growing correlation with gold are increasing the attractiveness of bitcoin as a hedge.

From the point of view of technical analysis, the metric indicates a potential test of resistance quotes of $ 90,000, he added.

Experts discovered a number of bull signals

The analyst Cryptoquant under the nickname Crazzyblockk noted that the growth of bitcoin above $ 87,000 brought into the profit of new investors (buying the asset less than a month ago). Despite the fact that short -term holders (no more than six months) remain in losses, the expert considered the shot on the positive.

“This is a bull signal in short -term, demonstrating the resumption of confidence and reducing the risk of panic among the new market participants,” wrote Crazzyblockkk.

According to him, the pressure of sales will weaken after the growth of bitcoin above $ 91,000.

The Cryptoquant Oachin analyst Carmelo Aleman Santana recalled that on April 14, the implemented capitalization of the first cryptocurrency reached a record mark of $ 872 billion. The indicator takes into account the total cost of coins at the price of the last transaction and reflects the actually invested capital.

“This is a positive signal that demonstrates growing confidence both on the network and in the asset, and suggesting that we may have not yet reached the top of the market cycle,” the expert admitted.

The trader under the pseudonym Egyhash drew attention to two trends that potentially indicate a quick rally in cryptocurrency:

  • Open interest in Bitcoin points over the past two weeks has grown by $ 6 billion;
  • The volume of coins transferred to the exchange decreased significantly, reducing the pressure of sales.

“Together, these indicators reflect growing positive moods among investors, which can support the bull forecast in the near future,” he concluded.

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Source: Cryptocurrency

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