BREAKING
304d 18h ago

Arthur Hayes Predicts Bitcoin to Enter ‘Only Rise, No Fall’ Mode Amid Upcoming Market Policies

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 update, COINOTAG reported on April 11, highlighting the remarks by BitMEX Co-founder Arthur Hayes. He suggested that if the current market trends persist, we could see a series of new regulatory policies introduced over the upcoming weekend. Hayes specifically pointed out that Bitcoin might be on the verge of entering a phase characterized by consistent upward movement, potentially leading to a ‘only rise, no fall’ scenario. This statement adds to the ongoing discussions surrounding market dynamics and regulatory measures affecting cryptocurrencies. Investors are advised to closely monitor these developments as they could influence price volatility and strategic investment decisions in the cryptocurrency sector.

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