The co -founder of Bitmex, Arthur Hayes, believes that the continuation of the negative side is possible for bitcoin (BTC) even after watching a 24 % correction of its highest level ever.
In a new post on the social media platform x, veteran encryption outline A series of events believed to be pressure on the federal reserve to achieve and end its restricted monetary policies.
Hayes believes that Bitcoin is falling along with the US stock market, but he says these events will not be sufficient for the Federal Reserve. According to the Maelstrom Cio, the collapse of traditional financial companies (Trafi) in the United States would force the Federal Reserve to end the quantitative tightening (QT) – a step that will push other major central banks to follow.
BTC is likely to be about $ 70,000. The correction of 36 % of its highest level ever is very normal for the emerging market.
Then we need stoning, SPX (S & P 500) and NDX (NASDAQ Index) for free autumn entry. Then we need Tradfi Muppet to go.
Then we get the Federal Reserve, PBOC (Chinese People’s Bank), the European Central Bank (European Central Bank) and Bouj (Bank of Japan), all of them dilute to make their country great again.
Then you download the truck.
Traders will try to buy a decrease, if you are more risky, wait for the central banks to reduce and then spread more capital. You may not hunt the bottom, but you will not have to suffer mentally during a long period of side and unrealized losses. “
According to Hayez, it is possible that the bitcoin is a witness Wild prices swing as soon as it approaches the goal of its negative price due to the huge number of derivative contracts due, or open benefits (OI), in the price of $ 70,000.
“There are many OI options at $ 70,000 -75,000 dollars, if we enter this range, it will be violent.”
At the time of this report, Bitcoin is traded for $ 82,780, an increase of approximately 5 % last day.
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