Bitcoin “more likely” to strike $ 110,000 before 76.5 thousand dollars – Arthur Hayes

Bitcoin can reach the highest new level ever at 110,000 dollars before any significant decline, according to some market analysts, who indicate reduced inflation and global liquidity rise as main factors that support high prices.

Bitcoin (BTCIt rises for two consecutive weeks, as it achieved a weekly closure above $ 86,000 on March 23, according to TradingView data.

Besides fears related to faded inflation, this way to gather Bitcoin may be the highest level ever, according to Arthur Hayes, co -founder of Bitmex and the largest investment employees in Maelstrom.

Hayes wrote on March 24 x mail:

“I bet $ BTC up to 110 thousand dollars before re -testing 76.5 thousand dollars. Jibo told me that.”

“What I mean is that the price is likely to reach 110 thousand dollars more than 76.5 thousand dollars after that. If we reach 110 thousand dollars, then it is time for yacht and we do not look back up to $ 250,000,” Hayes added to follow X mail.

The quantitative tightening (QT) is when the American Federal Reserve reduces its public budget by selling or allowing bonds to maturity without investing returns, while Quantum dilution (QE) It means that the Federal Reserve Buy bonds and pump money into the economy to reduce interest rates and encourage spending during difficult financial conditions.

Other analysts have indicated that although the FBT has slowed down, it has not been completely moved.

“QT” has not ended on April 1. They still have $ 35 billion/Mo from the mortgage -backed securities. They slowed from QT from $ 60 billion to $ 40 billion/month, ” According to To Benjamin Queen, founder and CEO of Intothrryptoverse.

Related to: Bitcoin may recover to $ 90,000 amid inflation fears that reduce after the FOMC meeting

Meanwhile, market participants are waiting for the federal reserve axis expected to reduce quantitative mitigation, which was historically positive for Bitcoin price.

Latter a period It led from QE in 2020 to an increase of more than 1000 % in the price of bitcoin, from about $ 6000 in March 2020 to an increase at the time of $ 69,000 in November 2021. Analysts believe that the similar setting could be formed again.

Related to: Bitcoin Respectowsforms reaction signals

Total conditions may support Bitcoin to $ 110,000

Bitcoin’s restoration of more than 85,000 dollars after the FOOC Open Market Committee (FOMC) last week was a sign of investor morale that may indicate more bullish direction, according to Enmanuel Cardozo, the BRIKKEN market analyst in the real world (RWA).

“The overall economy environment” supports “bitcoin to $ 110,000.

He said: “Global liquidity has increased and discussions about the strategic reserves of the American bitcoin, which is likely to lead Bitcoin towards that distinctive of $ 110,000, as the BTC liquidity continues on the stock exchanges, which leads to a decrease in the pressure scenario.”

He added: “However, a correction to $ 7,600 corresponds to historical bitcoin fluctuations, and it is often operated through unexpected or unexpected market transformations.”

Other analysts also see a high possibility of Hayes.

“Given the last Bitcoin closure over the 21 days and 200 days, this upscale momentum is in line with his point of view. However, the 88,000 dollar resistance is still a major obstacle,” said Ryan Li, Senior Analysts at Bitget Research, told Cointelgraph.

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This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.