Crypto Expert Arthur Hayes Reveals Why Bitcoin Price Will Touch $110,000 Before $76,500

Source Newsbtc

Bitcoin has entered a period of relative calm, with its price oscillating between $81,000 and $89,000 over the past several sessions. This newfound stability has reassured many traders, as the odds of a sharp decline below $80,000 have diminished significantly. Selling pressure is starting to ease, buyers are gradually stepping in, and the market appears to be in an accumulation phase, which is often a precursor to another rally. 

Even with selling pressure easing, there’s still a risk of breakdown below $80,000 at any moment. However, dormer BitMEX CEO and renowned crypto investor Arthur Hayes recently shared a bold projection that Bitcoin will reach $110,000 before retesting the $76,500 price level.

Arthur Hayes Predicts $110,000 Will Come Before Any Pullback to $76,500

As it stands, Bitcoin is closer to $75,000 than it is to $110,000, but popular crypto commentator Arthur Hayes believes the leading cryptocurrency will reach the latter before the former.  A climb to $110,000 will translate to a new all-time high for Bitcoin, as its current peak is $108,786, set in January. 

At present, Bitcoin is trading about 20.3% below that high, and concerns about a deeper correction are valid. The possibility of a pullback to $76,500 is still a genuine concern, especially since that price sits just under this month’s local low, and it can be quickly retested before another bounce upwards.

Hayes’ comments on social media platform X offered both a price target and a macroeconomic rationale. Hayes stated, “I bet $BTC hits $110k before it retests $76.5k,” clarifying that the momentum of the market and shifts in monetary policies are more likely to push the Bitcoin price up rather than another correction towards $76,500. He went further to suggest that once Bitcoin crosses $110,000, it may not look back until it starts approaching $250,000. This price target resonates with outlooks from other crypto analysts.

Incoming Shifts In Monetary Policies

Central to Hayes’ reasoning is the Federal Reserve’s changing stance on liquidity. He pointed out that the Fed is transitioning from quantitative tightening (QT) to a new phase of quantitative easing (QE), particularly in the Treasury markets. Although the Fed has been engaged in quantitative tightening (QT) since June 2022, there are now discussions about pausing or slowing down the balance sheet runoff. According to Reuters, some analysts predict a shift towards a more QE-like approach.

This shift could potentially inject more liquidity into the financial system, pushing assets like Bitcoin to higher price levels. Hayes also dismissed concerns about inflation, stating that the Fed Chairman appears to view it as “transitory inflation.”

At the time of writing, Bitcoin is trading at $86,600, having traded at an intraday high of $88,713 in the past 24 hours.

Bitcoin
Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
USD/JPY rises above 143.00 as Japanese Yen underperforms across the boardThe USD/JPY pair is up 0.25% to near 143.10 during European trading hours on Thursday. The pair trades firmly as the Japanese Yen (JPY) underperforms across the board.
Author  FXStreet
9 hours ago
The USD/JPY pair is up 0.25% to near 143.10 during European trading hours on Thursday. The pair trades firmly as the Japanese Yen (JPY) underperforms across the board.
placeholder
AUD/USD returns above 0.6500 amid broad-based USD weaknessThe Australian Dollar is trading higher for the second consecutive day on Thursday as US Dollar weakness offsets the impact of the downbeat Australian GDP figures seen on Wednesday, pushing the pair to one-week highs above 0.6500.
Author  FXStreet
10 hours ago
The Australian Dollar is trading higher for the second consecutive day on Thursday as US Dollar weakness offsets the impact of the downbeat Australian GDP figures seen on Wednesday, pushing the pair to one-week highs above 0.6500.
placeholder
Dogecoin Price Crash Below $0.2: 4H Order Block Shows Exactly What’s HappeningFollowing the Bitcoin price sweep down below the $104,000 level over the weekend, the Dogecoin price was pushed back down below $0.2 once again.
Author  NewsBTC
10 hours ago
Following the Bitcoin price sweep down below the $104,000 level over the weekend, the Dogecoin price was pushed back down below $0.2 once again.
placeholder
Trump has been trying to reach Xi for weeks, but China hasn't respondedDonald Trump says his connection with Xi Jinping should be enough to solve the US-China trade mess. But Xi hasn’t been taking his calls. For weeks, Trump tried reaching him and got nothing back.
Author  Cryptopolitan
10 hours ago
Donald Trump says his connection with Xi Jinping should be enough to solve the US-China trade mess. But Xi hasn’t been taking his calls. For weeks, Trump tried reaching him and got nothing back.
placeholder
US Dollar Index (DXY) remains depressed below 99.00 as recession fears returnThe US Dollar Index (DXY) is trading practically flat on Thursday, consolidating losses after a bearish reversal on Wednesday, as downbeat Services and employment data, coupled with the ongoing tariffs uncertainty, revived fears of an upcoming recession.
Author  FXStreet
10 hours ago
The US Dollar Index (DXY) is trading practically flat on Thursday, consolidating losses after a bearish reversal on Wednesday, as downbeat Services and employment data, coupled with the ongoing tariffs uncertainty, revived fears of an upcoming recession.
goTop
quote