Ethereum World News
2022-07-22 18:22:05

Bitcoin’s $18k Level Probably Constitutes a Bottom and Will be Retested, says Bitmex’s Hayes

Summary: Arthur Hayes has forecasted that Bitcoin’s most recent low, around $18k, could constitute a bottom. According to his analysis, a classic bottom is usually tested before a bull market begins, and $18k is no different. He sees the rally from $18k levels to $24k as a potential ‘short covering.’ He anticipates a proper Bitcoin bottom before the US Fed or Treasury announces a policy change. Bitmex’s founder and former CEO, Arthur Hayes, has forecasted that Bitcoin’s most recent lows […]

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