CoinInsight360.com logo CoinInsight360.com logo
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
Crypto Potato 2025-01-27 09:01:35

Arthur Hayes Predicts Bitcoin Correction to $75K as BTC Loses $100K Mark

Bitcoin experienced a sharp decline of nearly 6% in the last 24 hours, falling briefly below $98,000. This drop occurred despite a significant development on Friday when President Donald Trump announced the formation of a crypto policy group set to shape the country’s crypto industry within six months. Market experts are now cautioning that further losses may follow. “Financial Crisis” Looms BitMEX co-founder Arthur Hayes predicts a turbulent path ahead for Bitcoin, expecting a correction to between $70,000 and $75,000 due to a “mini financial crisis.” Despite this, he remains bullish on Bitcoin’s long-term outlook, projecting a rally to $250,000 by the end of the year, driven by renewed monetary stimulus. “I am calling for a $70k to $75k correction in $BTC, a mini financial crisis, and a resumption of money printing that will send us to $250k by the end of the year.” Bitcoin’s recent plunge was attributed to a broader market sell-off triggered by the rising popularity of the China-based artificial intelligence app DeepSeek. The app’s performance, which rivals OpenAI’s models with lower chip requirements, has raised concerns among investors, prompting a “risk-off” sentiment. Bitcoin, which surged past $70,000 in November following Donald Trump’s election victory and subsequent pro-crypto initiatives, remains closely tied to the US stock market. Its price tends to move in tandem with high-growth tech stocks, which have benefited from the AI boom since 2022. However, DeepSeek’s advancements have created fears of a shift in the market, which ultimately led to sharp declines in crypto prices. Market analyst Adam Kobeissi described the latest sell-off as a reaction to investor uncertainty driven by DeepSeek’s disruptive potential. Bitcoin’s Failed Head-and-Shoulders Pattern Data shared by crypto analyst Ali Martinez shows the failure of a head-and-shoulders pattern in Bitcoin’s price action, suggesting a bullish outlook for the world’s largest cryptocurrency. In his latest tweet, Martinez indicates that this pattern breakdown points to a potential upside target of $122,000 following the invalidation of the bearish setup and the subsequent possibility of significant upward momentum. The failure of this head-and-shoulders pattern suggests a potential upside target of $122,000 for #Bitcoin $BTC ! pic.twitter.com/vMTfoaRNSO — Ali (@ali_charts) January 27, 2025 Martinez also drew parallels between BTC’s current price action and its 2015-2018 market cycle. In his latest observation , the analyst noted that historically, Bitcoin tended to go parabolic around this stage of the cycle. The post Arthur Hayes Predicts Bitcoin Correction to $75K as BTC Loses $100K Mark appeared first on CryptoPotato .

Feragatnameyi okuyun : Burada sunulan tüm içerikler web sitemiz, köprülü siteler, ilgili uygulamalar, forumlar, bloglar, sosyal medya hesapları ve diğer platformlar (“Site”), sadece üçüncü taraf kaynaklardan temin edilen genel bilgileriniz içindir. İçeriğimizle ilgili olarak, doğruluk ve güncellenmişlik dahil ancak bunlarla sınırlı olmamak üzere, hiçbir şekilde hiçbir garanti vermemekteyiz. Sağladığımız içeriğin hiçbir kısmı, herhangi bir amaç için özel bir güvene yönelik mali tavsiye, hukuki danışmanlık veya başka herhangi bir tavsiye formunu oluşturmaz. İçeriğimize herhangi bir kullanım veya güven, yalnızca kendi risk ve takdir yetkinizdedir. İçeriğinizi incelemeden önce kendi araştırmanızı yürütmeli, incelemeli, analiz etmeli ve doğrulamalısınız. Ticaret büyük kayıplara yol açabilecek yüksek riskli bir faaliyettir, bu nedenle herhangi bir karar vermeden önce mali danışmanınıza danışın. Sitemizde hiçbir içerik bir teklif veya teklif anlamına gelmez