Arthur Hayes Warns: Can Bitcoin (BTC) Hold Above $76,500 Before Tax Day?

In a recent update from COINOTAG on April 3rd, BitMEX Co-Founder Arthur Hayes expressed cautious optimism regarding Bitcoin’s price trajectory as the U.S. tax deadline approaches. He emphasized that the market often reacts negatively during this period, commonly referred to as ‘Tax Day.’ According to Hayes, if BTC can maintain a price point above $76,500 leading up to April 15th, it may signal stability in the market. This perspective underscores the importance of monitoring key price levels to avoid potential downturns, colloquially referred to as getting ‘rug pulled.’ As traders navigate this critical timeframe, vigilance is essential, particularly in a volatile environment where market sentiment can rapidly shift.