Arthur Hayes has predicted a Bitcoin price pullback to $90,000.
Bitcoin’s price pullback will precede the next rally to higher levels.
Bank-issued stablecoins will push trillions of dollars into digital assets.
BitMEX co-founder Arthur Hayes has predicted a Bitcoin price correction to the $90,000 region before the cryptocurrency’s next rally towards new highs.
Hayes analyzed the central bank policy and Wall Street incentives supporting US bank-issued stablecoins, highlighting their potential effect on the digital assets market.
The Short-Term Case: A Correction to $90,000
Before the next leg up, Hayes foresees a period of turbulence. He believes a combination of historical market cycles and profit-taking from speculators will weigh on Bitcoin’s price.
This pullback could be amplified as traders wait for clearer policy signals from the U.S. Federal Reserve before committing new capital. This potential “summer lull” could see Bitcoin’s price wash out weak hands and establish a new floor around the $90,000 mark, creating a healthier base for future growth.
The Long-Term Vision: …
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