Bitcoin

Arthur

<p><strong>Bitcoin has experienced a correction in recent days. However, far from being a negative sign, this salutary purge is merely the prelude to a new stratospheric bullish phase! According to seasoned analysts, the real rise hasn’t even started yet. Fasten your seatbelts; the best is yet to come!</strong></p>
<h2 id="h-a-necessary-correction-for-market-health">A Necessary Correction for Market Health</h2>
<p>Bitcoin’s 12% pullback this week has raised some concerns among investors. Yet, famed trader Arthur Hayes sees it as an excellent omen. For him, this price deflation was ”&nbsp;much needed&nbsp;” to sanitize the market.</p>
<div class="my-4">
 <div class="ads " data-page-type="" data-location="1">
 </div>
</div>
<p>Indeed, several factors have contributed to this welcome purge. On one hand, the US tax season has encouraged profit-taking. On the other hand, anticipations of <a href="https://www.cointribune.com/en/the-stock-market-soars-europe-reacts-ahead-of-the-fed-meeting/" target="_blank" rel="noopener noreferrer nofollow">the Federal Reserve’s decisions</a> have weighed on market sentiment. Not to mention the traditional wave of selling after the halving!</p>
<p>Hayes considers these healthy withdrawals as the usual throes of a market in good health. A natural cycle that paves the way for the next stage…</p>
<div class="affiliate-button"><a class="affiliate-button__link" href="https://go.primexbt.com/click?pid=8658&amp;offer_id=12&amp;l=1594368336" target="_blank" rel="noopener noreferrer nofollow">Start trading Bitcoin with PRIME XBT</a> <a class="affiliate-button__disclaimer" href="https://www.cointribune.com/en/sponsored-content/" target="_blank" rel="noopener noreferrer nofollow">This link uses an affiliate program.</a>
</div>
<h2 id="h-the-anticipated-bitcoin-recovery-slow-but-inexorable">The Anticipated Bitcoin Recovery: Slow but Inexorable</h2>
<p>While some feared a major correction, experts agree on a very different outcome for Bitcoin. Far from signaling the end of the bullish trend, the recent dip is simply the indication of a gradual rebound.</p>
<p>According to Hayes, Bitcoin is expected to first stabilize between 60,000 and 70,000 dollars over the coming months. A <a href="https://blog.bitmex.com/mayday/" target="_blank" rel="noopener noreferrer nofollow">consolidation plateau before taking off</a> towards new dizzying heights!</p>
<p>Jeff Ross of Vailshire Capital Management is of the same opinion. The CEO cautions against any premature predictions of a bear market. On the contrary, he asserts, ”&nbsp;the real bull market hasn’t even started&nbsp;!”</p>
<p>No doubt is permitted: the winds are changing for Bitcoin and the crypto ecosystem as a whole! While expert forecasts announce the beginning of a super-cycle like never seen before, innovation is already sparking brilliance. From promising Layer-2 projects <a href="https://www.cointribune.com/en/heres-how-the-crypto-community-is-propelling-memecoins/" target="_blank" rel="noopener noreferrer nofollow">to amusing memecoins</a>, there is a veritable creative fervor seizing the sector. A positive effervescence that promises to open new horizons for mass adoption!</p>
<div class="affiliate-button"><a class="affiliate-button__link" href="https://join.swissborg.com/r/frederEZU5" target="_blank" rel="noopener noreferrer nofollow">Buy your first cryptocurrencies with Swissborg</a> <a class="affiliate-button__disclaimer" href="https://www.cointribune.com/en/sponsored-content/" target="_blank" rel="noopener noreferrer nofollow">This link uses an affiliate program.</a>
</div>

Bitcoin ready to take off! Arthur Hayes’s wild prediction

Tabla de contenidos

Cointribune EN

Otros artículos publicados el 3 may 2024

Investing for Quick Returns: Top Altcoins for Immediate Gains

Ethereum Price Fluctuations Examined

7 Best Altcoins to Invest in Now May 3 – Immutable, Akash Network, Lido DAO, Core

Why This Is the Best Time To Buy Bitcoin?

Crypto Wallet Growth Surges Among Leading Digital Currencies

Bitcoin Rebounds from Two-Month Low: What’s Next?

¡Únete a nuestro boletín gratuito para recibir actualizaciones diarias de criptografía!