🤑🤑🤑Arthur Hayes: the new wave of Bitcoin growth will reach $110,000 per coin!!!🤑🤑
Bitcoin BTC $103,148.29 may begin a new wave of growth and reach the $110,000 mark if the market finally exits the accumulation phase. This assessment was made by the CEO of the cryptocurrency exchange BITMex, Arthur Hayes.
According to him, BTC is currently in a consolidation phase — when large investors, particularly those holding more than 1,000 coins, gradually increase their reserves. In previous market cycles, such dynamics led to prolonged growth, as was the case in 2020. The current activity of large players indicates their confidence in further price increases.
The analyst notes that the key resistance zone is the level of $69,000, i.e., the historical maximum of BTC. Successfully overcoming it may signal a mass entry of new investors and provoke a rally to $110,000. However, the expert also warns that this scenario is not guaranteed and depends on a number of macroeconomic factors, including the policy of the US Federal Reserve.
Hayes emphasizes that short-term investors — those holding BTC for less than 155 days — are currently taking profits, which is typical for accumulation phases. At the same time, long-term holders are not demonstrating a mass exit from the market, indicating a stable foundation for possible growth.
The crypto expert summarizes that for a true bull trend to begin, the market needs to overcome the phase of uncertainty. If this happens, the next wave of growth could be larger than in previous cycles.