Former Bitmex Chief Expects Bitcoin to Trade Within $60K-$70K Range Until August

[sirty143]

Former Bitmex Chief Expects Bitcoin to Trade Within $60K-$70K Range Until August

Former Bitmex CEO Arthur Hayes predicts bitcoin will range-bound trade between $60,000 and $70,000 until August. “The slow addition of billions of dollars of liquidity each month will dampen negative price movement from here on out,” Hayes said... See more for yourself here.

Your opinion is greatly appreciated.

[TomPluz]

Arthur Hayes is here making a good assessment that can be shared by many others exposed to the ins and outs of Bitcoin for the past many months and years. And this is what I am believing also but then again there can be some surprises along the way that can dampen or excite the market abruptly. Remember that while people are expecting for the impact of halving to come later this year or even maybe in early 2025, we really don't know if what we saw before the halving can be it or hopefully there can be more. We have to take note that there others who are predicting that in 2025 BTC will be playing in the $150K range and whether that can come true or not what is more important to me is that BTC remains to be a very attractive asset compared to other investment vehicle and yet only time can tell what will be.

[robelneo]

Hayes is very optimistic about the future of Bitcoin so we should be like him, the best part of the article is

Furthermore, he expressed his belief, stated in February, that in the long run, BTC could surge to $1 million amid a surge in banking bailouts and money printing.

The $1 million for Bitcoin is not a theory or speculation, but it is based on a deep analysis of the current trend of how banks and countries print a lot of money. I'm holding on to this dream, and I think we should all be.