{"id":125690,"date":"2025-03-24T13:15:40","date_gmt":"2025-03-24T13:15:40","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=125690"},"modified":"2025-03-24T13:15:40","modified_gmt":"2025-03-24T13:15:40","slug":"bitcoin-more-likely-to-hit-110k-before-76-5k-arthur-hayes","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=125690","title":{"rendered":"Bitcoin \u2018more likely\u2019 to hit $110K before $76.5K \u2014 Arthur Hayes"},"content":{"rendered":"

Source: Cointelegraph.com NewsBitcoin may reach a new all-time high of $110,000 before any significant retracement, according to some market analysts who cite easing inflation and increasing global liquidity as key factors supporting a price rally.
\nBitcoin (BTC) has been rising for two consecutive weeks, achieving a bullish weekly close just above $86,000 on March 23, TradingView data shows.
\nCombined with fading inflation-related concerns, this may set the stage for Bitcoin\u2019s rally to a $110,000 all-time high, according to Arthur Hayes, co-founder of BitMEX and chief investment officer of Maelstrom.
\nBTC\/USD, 1-week chart. Source: Cointelegraph\/TradingViewHayes wrote in a March 24 X post:
\n\u201cI bet $BTC hits $110k before it retests $76.5k. Y? The Fed is going from QT to QE for treasuries. And tariffs don\u2019t matter cause of \u201ctransitory inflation.\u201d JAYPOW told me so.\u201d
\nSource: Arthur Hayes\u201cWhat I mean is that the price is more likely to hit $110k than $76.5k next. If we hit $110k, then it\u2019s yachtzee time and we ain\u2019t looking back until $250k,\u201d Hayes added in a follow-up X post.
\nQuantitative tightening (QT) is when the US Federal Reserve shrinks its balance sheet by selling bonds or letting them mature without reinvesting proceeds, while quantitative easing (QE) means that the Fed is buying bonds and pumping money into the economy to lower interest rates and encourage spending during difficult financial conditions.
\nOther analysts pointed out that while the Fed has slowed QT, it has not yet fully pivoted to easing.
\n\u201cQT is not \u2018basically over\u2019 on April 1st. They still have $35B\/mo coming off from mortgage backed securities. They just slowed QT from $60B\/mo to $40B\/mo,\u201d according to Benjamin Cowen, founder and CEO of IntoTheCryptoVerse.
\nRelated: Bitcoin may recover to $90K amid easing inflation concerns after FOMC meeting
\nMeanwhile, market participants await the Fed\u2019s expected pivot to quantitative easing, which has historically been positive for Bitcoin\u2019s price.
\nBTC\/USD, 1-week chart, 2020\u20132021. Source: Cointelegraph\/TradingViewThe last period of QE in 2020 led to a more than 1,000% surge in Bitcoin\u2019s price, from around $6,000 in March 2020 to a then-record high of $69,000 in November 2021. Analysts say a similar setup may be forming again.
\nRelated: Bitcoin reserve backlash signals unrealistic industry expectations
\nMacro conditions may support Bitcoin\u2019s rally to $110,000
\nBitcoin\u2019s recovery to above $85,000 after last week\u2019s Federal Open Market Committee (FOMC) meeting was a bullish sign for investor sentiment that may signal more upside, according to Emmanuel Cardozo, market analyst at real-world asset (RWA) tokenization platform Brikken.
\nThe macroeconomic environment also \u201csupports\u201d a Bitcoin rally to $110,000, the analyst told Cointelegraph.
\n\u201cGlobal liquidity has risen, discussions around a US Bitcoin strategic reserve, potentially driving Bitcoin toward that $110,000 mark as BTC liquidity available in exchanges keeps dropping, leading to a supply squeeze scenario,\u201d he said.
\n\u201cHowever, a correction to $76,500 aligns with Bitcoin\u2019s historical volatility, often triggered by profit-taking or unexpected market shifts,\u201d he added.
\nOther analysts also see a high likelihood of Hayes\u2019 prediction playing out.
\n\u201cGiven Bitcoin\u2019s recent close above the 21-day and 200-day moving averages, this bullish momentum aligns with his view. However, the $88K resistance remains a key hurdle,\u201d Ryan Lee, chief analyst at Bitget Research, told Cointelegraph.
\nMagazine: Bitcoin\u2019s odds of June highs, SOL\u2019s $485M outflows, and more: Hodler\u2019s Digest, March 2 \u2013 8
\nThis article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"

Source: Cointelegraph.com NewsBitcoin may reach a new all-time high of $110,000 before any significant retracement, according to some market analysts who cite easing inflation and increasing global liquidity as key… <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/125690"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=125690"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/125690\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=125690"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=125690"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=125690"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}