Bitget App
Trade smarter
Open
HomepageSign up
Bitget>
News>
Arthur Hayes Believes Bitcoin Price Has Slid Ahead of New Rally

Arthur Hayes Believes Bitcoin Price Has Slid Ahead of New Rally

HappyCoinNews2025/01/27 19:11
By: HappyCoinNews
BTC-0.12%RLY0.00%

During the correction earlier this week Bitcoin fell by 5,3% to $99,000. In principle, many in the community allowed for a rollback below the $100,000 mark.

Previously the founder of a crypto exchange BitMEX Arthur Hayes predicted a sharp correction to $70,000-$75,000. In his opinion, the price of Bitcoin should drop before a new rally. The decline in the rate could be caused by economic factors, as central banks resume quantitative easing.

At the same time, Arthur Hayes emphasized that by the end of 2025 Bitcoin could rise to $250,000, and that rally will be supported by growing interest from institutions and other developments in the financial market.

According to Hayes' chart, Bitcoin's price fell 0,85%, losing about $874, going from around $102,550 to a low of $100. The 380-minute candlestick chart reflects this downward movement, with the large red candlestick indicating a sharp drop in price.

The spike in trading volume, shown by the large red bar at the bottom of the chart, suggests a possible market liquidation or sell-off by traders reacting to a price drop.

Another analyst, Crypto Patel, who also revived BTC's pullback to lower levels, highlighted the $92,000 support level as critical.

According to this analysis, if Bitcoin remains above that level, it could avoid a bigger decline and head for new all-time highs, possibly at $150,000 or more. If support at $92,000 is broken, a drop to around $70,000 is not out of the question.

EN @happycoinnews
EN @happycoinnews_en
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

New spot margin trading pair — HOLO/USDT!
Bitget Announcement2025/09/12 07:46
FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn

- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.

Bitget-RWA2025/09/12 06:14
OPEN has dropped by 189.51% within 24 hours during a significant market pullback

- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.

Bitget-RWA2025/09/12 06:14
New spot margin trading pair — LINEA/USDT!
Bitget Announcement2025/09/11 10:04

Trending news

More
1
New spot margin trading pair — HOLO/USDT!
2
FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn

Crypto prices

More
Bitcoin
Bitcoin
BTC
$115,955.1
+0.73%
Ethereum
Ethereum
ETH
$4,728.09
+4.52%
XRP
XRP
XRP
$3.17
+3.68%
Tether USDt
Tether USDt
USDT
$1
+0.03%
Solana
Solana
SOL
$243.35
+2.06%
BNB
BNB
BNB
$927.71
+2.28%
USDC
USDC
USDC
$0.9998
-0.00%
Dogecoin
Dogecoin
DOGE
$0.2879
+10.54%
Cardano
Cardano
ADA
$0.9421
+5.18%
TRON
TRON
TRX
$0.3539
+1.54%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now
Trade smarter