Crypto Expert Arthur Hayes Says Bitcoin Has Found Its Local Bottom – But Can It Hold This Level?
Arthur Hayes, co-founder of BitMEX, believes Bitcoin has reached its local bottom at around $58,600 and won't fall below again soon. He predicts a possible rally above $60,000 and range-bound action until August. Hayes relates Bitcoin's movements to macroeconomic factors such as Fed's policies, which may inject liquidity into the market, possibly leading to both dampening of the negative trend and higher inflation, affecting risk assets like Bitcoin. He plans to trade Solana and other altcoins, eyeing exposure to inflation-impacted markets.
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