Bitcoin came in A period of relative peacewith its price oscillating from USD 81,000 to USD 89,000 in the last few sessions. This newly discovered stability provided many traders, because the chances of a edged drop below 80,000 USD have decreased significantly. Sales pressure begins to alleviate, Buyers gradually enterAnd the market seems to be in the accumulation phase, which is often a precursor of another rally.

Even when relieving sales pressure, there is still a risk of failure below USD 80,000 at any time. However, the general director of Dormer Bitmex and a reputable cryptographic investor Arthur Hayes recently shared a bold forecast that Bitcoin will reach USD 110,000 before assessing the price level 76,500 USD again.

Arthur Hayes predicts that $ 110,000 will appear before any withdrawal to $ 76 500

At the moment, Bitcoin is closer to USD 75,000 than up to USD 110,000, but the popular cryptographic commentator Arthur Hayes believes that the leading cryptocurrency will reach the second before the first. Climbing up to $ 110,000 will translate into a fresh Bitcoin level of the highest in history, because its current peak is 108,786 USD, established in January.

Currently, Bitcoin trads about 20.3% below such a high level and concerns about deeper correction They are crucial. The possibility of withdrawing to 76,500 USD is still a real problem, especially since this price is just below the local lowland this month and it can be quickly tested before another reflection up.

Hayes’ comments On the social media platform X offered both the price and macroeconomic justification. Hayes said: “I bet BTC will reach USD 110,000 before testing $ 76.5 thousand, explaining that the market rush and postponement of monetary policies They enhance the price of bitcoins more often than another correction compared to 76,500 USD. He went on to suggest that when Bitcoin exceeds $ 110,000, he may not look back until he begins to approach $ 250,000. This price resonates with the prospects of other cryptographic analysts.

The upcoming changes in monetary policy

Hayes’s central reasoning is the changing position of the federal reserve on liquidity. He noted that Fed is passing From quantitative exacerbation (QT) to the fresh phase of quantitative facilitation (QE), especially on tax markets. Although the Fed has been taking place in the quantitative exacerbation (QT) since June 2022, they are now discussing the stopping or slowing down the balance sheet. According to Reuters, Some analysts predict Transition towards a more similar approach.

This change can potentially introduce more liquidity into the financial system, pushing assets such as Bitcoin to higher price levels. Hayes also rejected the concerns about inflation, stating that the FED chairman seems to be perceiving him as “temporary inflation.”

At the time of writing, Bitcoin trades USD 86,600, and in the last 24 hours it traded at an intraentral level of USD 88,213.

A distinguished picture from Unsplash, tradingview.com chart