If Bitcoin holds this level from now and April 15, Arthur Hayes says, “We are outside the forest.”

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If Bitcoin holds this level from now and April 15, Arthur Hayes says, "We are outside the forest."

Bitcoin was eroded by optimism in the market with a significant decline in response to the definitions of President Donald Trump, “Liberation Day”.
Bitmex founder, Arthur Hayes, highlighted a major level of watching it in this path.
Hayes maintained the belief that Bitcoin still has a chance of more than twice the price this year.

After days of waiting anxiety, the president Donald Trump “Tahrir’s Day” came and went. As expected, the stock markets and cryptocurrencies did not like the idea of fresh and broad definitions. A wide sale of the market This was followed by after hours of hours when the president read his plan, which determines “mutual definitions” in almost every country in the world, including unmanned islands.

Bitcoin, in particular, decreased by 5 % from 88,500 dollars, to a little more than $ 82,000, and trading continues near these bottoms, Employment of optimism in the previous market. Amid defeat, one of the prominent analysts pointed to a major level of watching it.

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According to the founder of Bitmex and Maelstrom Cio Arthur HayesThe 76,500 dollar price point is the level of bitcoin monitoring.

“If BTC is able to get $ 76.5 thousand, return to work now and for US tax day on April 15, we will be outside the forest,” he wrote on Wednesday X in the aftermath of Trump’s Trif ads.

The price level is in line with the low bitcoin price in the price for three months on March 11. On March 20, Hayes forecast This level was the line in the sand of the original, which indicates that the worst last correction has ended and that it is unlikely that the original collapses to the below the level before running to the highest new levels.

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To confirm Hayes analysis, the bulls will want to see a strong bounce of this level in case of bitcoin.

Analysts’ view comes as it continues to maintain that the leading digital assets are on their way to more than twice the price this year.

Specifically, Hayise maintains that Bitcoin can still reach $ 250,000 by the end of the year.

This prediction depends on the belief that the federal reserve will have no choice but to convert from quantitative tightening to quantitative mitigation due to political pressure as Trump seeks to reduce the trade deficit of the United States from 7 % to 3 % by 2028. In this scenario, it is expected to enhance liquidity created risk markets, including guest currencies such as Bitcoin.

In informing analysts, this axis may have already started following up Notes from the Federal Reserve Chair Jerome Powell In March. He announced the slowdown in the quantitative tightening efforts of the central bank, which started on Tuesday, while saying that it is now expected that the introductory inflation will be “temporary”.

With the transition to slowing the quantitative tightening, Hayes argued that APEX was already on its way to create an additional amount of 240 billion dollars.

“If my analysis of the main axis of the QT Federal Reserve to QE for the Treasury Treasury is correct, then Bitcoin has achieved a local level of $ 76,500 last month, and now we start climbing to $ 250,000 by the end of the year.” article Released on Tuesday.

Meanwhile, Hayes expectations are not limited to the market’s greater liquidity in the market, as the analyst also expects China and Europe to join the first-printing money to defend the dollar exchange rate, and the other to build armies as it seems that the United States under Trump contradicts it from ensuring its protection.

However, at the time of writing this report, Bitcoin continues to decline, trading less than $ 82,000 in a decrease of more than 5 % over the past 24 hours.

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This article If Bitcoin holds this level from now and April 15, Arthur Hayes says, “We are outside the forest.” Originally Benzinga.com

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