General

Bitcoin Below $100K Is a Buy

Bitcoin Below $100K Is a Buy
Bitcoin Below $100K Is a Buy

Main notes

  • The former CEO of Bitmex Arthur Hayes described the opportunity to “buy”.
  • Market experts, including Michael Van de Bob, expect a fast bitcoin.
  • Analysts also hope that the bitcoin market dominates 71 %. .

During the weekend,

BTC
101 $ 435



24 hours fluctuation:
1.0 %


The maximum market:
$ 2.02



Folder. 24h:
$ 49.17 b

The price was subjected to intense sale of sale, and sliding to less than 100 thousand dollars after Iran decided to close the Strait of Hormuz amid the escalating tensions in the Middle East war. This is an opportunity to buy.

Hayes said the last weakness in Bitcoin is only temporary, as prices fell to less than $ 100,000 for the first time in more than six weeks. This happened with the rapidly reckless feelings after the American air strike on Iranian nuclear establishments during the end weekend. However, BTC could not stay less than $ 100,000 for a long time and recover again to 102 thousand dollars until the time of the press.


Arthur Hayes mentioned a safe haven in Bitcoin.

Bitmex founder Arthur Hayes expressed his optimism on the X platform, saying that the current “weak weakness” of Bitcoin will soon confirm his status as a safe haven. Hayes believes that this recovery can come with the expectations of printing the central bank’s money.

Despite the flows to the instant Bitcoin investment funds, the BTC price is united in a narrow range for about five weeks, after facing the rejection of 110 thousand dollars. Other market analysts have also shared the hope that the BTC price will be rapidly backed by the current levels. It talks about the development and fluctuation of today, Michael van de Bobby writes:

“Bitcoin bounces quickly. The second option is filled, the liquidity peak that is taken below the minimum level at $ 100.50, and the rapid reversal of the top. I think we will think a little, and as soon as $ 102,500 is broken, it is likely to accelerate up, then the correction ends.”

On the other hand, while speaking at the BTC Prague event last week, Micha Microstrategy said that he expected the BTC price to $ 21 million by 2046. Silor continues to predict his superpower other than bitcoin and bet on building a huge reserve of bitcoin.

BTC’s dominance is likely to rise more

A prominent analyst at Crypto Rekt Capital believes that Bitcoin (BTC.D) is likely to rise further here. “The majority of the macro translator has already happened in Bitcoin’s dominance,” the analyst indicated during the participation of the growing domination scheme.

The analyst also pointed out that the domination cycle has closely approached a 71 % mark, in line with previous sessions. This may mean that the Altcoins season may face more delay.

the next

Slip: Coinspeaker is committed to providing unbiased and transparent reports. This article aims to provide accurate and timely information, but it should not be considered financial or investment advice. Since market conditions can change quickly, we encourage you to check your information and consult with a professional before making any decisions based on this content.

Bitcoin news, cryptic currency news, news


Bhushan is enthusiastic about technology and carries a good tendency to understand the financial markets. His interest in the economy and financing draws his attention towards emerging technology markets and emerging technology. He is in a continuous educational process and keeps himself excited to share his acquired knowledge. In spare time he reads fictional excitement novels and sometimes explores his cooking skills.

Bhushan Akolkar on X

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