Arthur Hayes "Bitcoin (BTC) Expected to Enter Bullish Mode"

JH Kim

Summary

Arthur Hayes announced the possibility of Bitcoin entering a bullish mode through his official X.
He explained that "as the situation becomes more serious, more policy responses will be announced by the weekend."
Currently, BTC is on an upward trend and is trading at $82,014 on Binance.

BitMEX co-founder Arthur Hayes stated on the 11th (local time) via his official X (formerly Twitter) that Bitcoin (BTC) is expected to enter a bullish mode.

He said, "The situation is becoming more serious. If this trend continues, more policy responses will be announced by the coming weekend," adding, "As a result, Bitcoin will stop its decline and switch to a bullish mode."

Meanwhile, BTC is trading at $82,014, up 2.09% from the previous day, based on the Binance Tether (USDT) market as of 00:24 on the 12th.

BTC

JH Kim

reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.

Editor's PiCK

Arthur Hayes "Bitcoin (BTC) Expected to Enter Bullish Mode"

PiCK News

"Bitcoin sees continued institutional outflows…possible additional trough test through summer"

U.S. and India announce provisional trade deal… Tariffs on Indian goods to be cut from 50% to 18%

"Ethereum down about 60% from its peak… market absorption capacity put to the test amid whale selling pressure"

"XRP rebounds nearly 20% in a day on whale buying…$300 million absorbed over 48 hours"

VanEck: “Bitcoin’s sharp drop is a deleveraging process…many downside factors have been cleared”

Trending News