External ReportingUpdated hace un día

Bitcoin to See $75K Before Soaring to $250K, Predicts Arthur Hayes

Publisher yellow.com 2 min de lectura

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Market Context

Bitcoin

BTC

$62,679

-1.17% 24h

Layer Index

Neutral

Layer Index

↓ 2 pts in 24h

In recent trading, Bitcoin experienced a notable drop of nearly 6% over the past 24 hours, briefly falling below $98,000. This downturn came despite a significant announcement on Friday from former President Donald Trump regarding the establishment of a crypto policy group aimed at shaping the United States' cryptocurrency landscape within six months.

Market experts warn of potential further declines. Arthur Hayes, co-founder of BitMEX, anticipates a challenging period for Bitcoin. He foresees a correction to between $70,000 and $75,000, suggesting a "mini financial crisis" could be on the horizon. Despite this short-term forecast, Hayes remains optimistic about Bitcoin's long-term potential.

He envisions a surge to $250,000 by year-end, propelled by renewed monetary stimulus. Hayes commented, “I am calling for a $70k to $75k correction in $BTC, a mini financial crisis, and a resumption of money printing that will send us to $250k by the end of the year.”

The recent drop in Bitcoin's value has been linked to a broader market sell-off spurred by the rise of DeepSeek, a China-based artificial intelligence app.

This app has impressed markets by competing effectively with OpenAI’s models while requiring fewer resources. Such developments have sparked concern among investors, triggering a "risk-off" approach. Bitcoin, often correlated with US growth stocks, has benefited from the AI surge since 2022 but now faces challenges due to potential market shifts caused by innovations like DeepSeek.

According to market analyst Adam Kobeissi, the latest crypto market sell-off can be attributed to uncertainty introduced by DeepSeek's disruptive capabilities. Additionally, crypto analyst Ali Martinez highlights a failed head-and-shoulders pattern in Bitcoin's recent price action, suggesting a bullish outlook. In his analysis, Martinez points to a potential upside target of $122,000, citing invalidation of the previous bearish formation. He also compares the current market trajectory to the 2015-2018 cycle, noting that Bitcoin has historically exhibited parabolic growth at this stage.

Overall, while market sentiment remains cautious, analyses suggest potential for substantial upward momentum should certain conditions align favorably.

Alexey Bondarev is the Head of Content at Yellow.com, having reported on crypto for the last 10 years. He specializes in in-depth Research and Learn pieces, with a focus on analytical reporting, industry context, and the bigger forces shaping crypto, from the AI era and security technologies to fintech innovation. He believes that everything digital will imminently overcome everything analogue and is working hard to make that come true.

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