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Arthur Hayes, co-founder of BitMEX, predicted in a post on the social network X that the price of Bitcoin will fall to the range of $70,000 to $75,000 in the short term. He considers the price drop to be the result of a “mini financial crisis” and assesses it as part of the natural price correction process in the market.
According to this experienced analyst, a 20-30% correction in Bitcoin bull markets is normal and the long-term upward trend is still intact.
However, Hayes remains optimistic about the future of Bitcoin and predicts that the price of this digital currency will reach $250,000 by the end of the year. He believes that a possible change in the policies of the Federal Reserve and the injection of liquidity into the economy will be the main factor in the growth of the price of assets, including Bitcoin.
According to Hayes, now is the best time to buy Bitcoin; Because after this, there will be no more opportunities to buy at such low prices. 0 reply
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