BitMEX Founder Arthur Hayes Forecasts Bitcoin’s Path Forward After 30% Surge – Here Are His Targets

BitMEX Founder Arthur Hayes Forecasts Bitcoin’s Path Forward After 30% Surge – Here Are His Targets


BitMEX founder Arthur Hayes is outlining the most likely paths forward for Bitcoin (BTC) after the king crypto’s rapid 30% rally.

In a new Medium post, Hayes says where BTC is headed next depends on what’s driving the recent surge.

Hayes says, if the surge is a “natural” bounce off recent lows, Bitcoin is likely to trade sideways at a new higher price level until financial market conditions improve.

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“Rally Catalyst Scenario 1: Bitcoin is simply experiencing a natural bounce off the local lows of sub $16,000. If this rally is really just a natural rebound off of local lows, I expect that Bitcoin will subsequently find a new plateau and move sideways until USD [US dollar] liquidity conditions improve.”

However, Hayes says the

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