BREAKING
267d 5h ago

Arthur Hayes Predicts Bitcoin Surge to $250,000 and Challenges for Altcoin Season

BTC

BTC/USDT

$71,354.77
+3.55%
24h Volume

$17,366,629,629.18

24h H/L

$71,554.95 / $68,531.50

Change: $3,023.45 (4.41%)

Long/Short
65.5%
Long: 65.5%Short: 34.5%
Funding Rate

-0.0023%

Shorts pay

Data provided by COINOTAG DATALive data
Bitcoin
Bitcoin
Daily

$71,351.87

2.98%

Volume (24h): -

Resistance Levels
Resistance 3$79,008.03
Resistance 2$75,548.63
Resistance 1$72,179.52
Price$71,351.87
Support 1$70,589.27
Support 2$67,300.00
Support 3$62,909.86
Pivot (PP):$70,598.27
Trend:Downtrend
RSI (14):35.3

In a recent statement, renowned financial analyst Arthur Hayes emphasized that the *altcoin market* could experience significant growth if Bitcoin surpasses the $110,000 mark. He suggests that a surge towards the $150,000 to $200,000 range, supported by rising trading volumes, may likely occur during the summer or early third quarter of this year. Hayes believes that this price movement would subsequently trigger a *capital rotation* into various altcoins.

Additionally, Hayes shares that his investment strategy includes allocating around 20% of his portfolio into gold, highlighting a diversified approach amidst market volatility. He further predicts that within the next 18-24 months, the price trajectory of Ethereum (ETH) could potentially outpace Solana (SOL) as the bull market continues. Moreover, he maintains an ambitious long-term outlook for Bitcoin, forecasting a price target of $1 million by the end of Trump’s term in 2028 and suggesting a year-end price target of approximately $250,000 for Bitcoin.

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