Donald Trump

Bitcoin

Arthur

President Donald Trump

Bitcoin experienced a sharp decline of nearly 6% in the last 24 hours, falling briefly below $98,000. This drop occurred despite a significant development on Friday when President Donald Trump announced the formation of a crypto policy group set to shape the country’s crypto industry within six months.Market experts are now cautioning that further losses may follow.<h2 id="financial-crisis-looms">“Financial Crisis” Looms</h2>BitMEX co-founder Arthur Hayes <a href="https://x.com/CryptoHayes/status/1883682137897099624?" rel="noopener noreferrer nofollow">predicts</a> a turbulent path ahead for Bitcoin, expecting a correction to between $70,000 and $75,000 due to a “mini financial crisis.”Despite this, he remains bullish on Bitcoin’s long-term outlook, projecting a rally to $250,000 by the end of the year, driven by renewed monetary stimulus.<blockquote>“I am calling for a $70k to $75k correction in $BTC, a mini financial crisis, and a resumption of money printing that will send us to $250k by the end of the year.”</blockquote>Bitcoin’s recent <a href="https://cryptopotato.com/bitcoins-plunge-below-100k-wipes-out-a-single-whale-for-100m/" rel="noopener noreferrer nofollow">plunge </a>was attributed to a broader market sell-off triggered by the rising popularity of the China-based artificial intelligence app DeepSeek. The app’s performance, which rivals OpenAI’s models with lower chip requirements, has raised concerns among investors, prompting a “risk-off” sentiment.Bitcoin, which surged past $70,000 in November following Donald Trump’s election victory and subsequent pro-crypto initiatives, remains closely tied to the US stock market. Its price tends to move in tandem with high-growth tech stocks, which have benefited from the AI boom since 2022. However, DeepSeek’s advancements have created fears of a shift in the market, which ultimately led to sharp declines in crypto prices.Market analyst Adam Kobeissi <a href="https://x.com/TKL_Adam/status/1883730455679455315" rel="noopener noreferrer nofollow">described</a> the latest sell-off as a reaction to investor uncertainty driven by DeepSeek’s disruptive potential.<h2 id="bitcoin-s-failed-head-and-shoulders-pattern">Bitcoin’s Failed Head-and-Shoulders Pattern</h2>Data shared by crypto analyst Ali Martinez shows the failure of a head-and-shoulders pattern in Bitcoin’s price action, suggesting a bullish outlook for the world’s largest cryptocurrency. In his latest tweet, Martinez indicates that this pattern breakdown points to a potential upside target of $122,000 following the invalidation of the bearish setup and the subsequent possibility of significant upward momentum.<blockquote class="twitter-tweet">The failure of this head-and-shoulders pattern suggests a potential upside target of $122,000 for <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a><a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a>! <a href="https://t.co/vMTfoaRNSO" rel="noopener noreferrer nofollow">pic.twitter.com/vMTfoaRNSO</a>— Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1883670758150529113?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">January 27, 2025</a></blockquote>Martinez also drew parallels between BTC’s current price action and its 2015-2018 market cycle. In his latest <a href="https://x.com/ali_charts/status/1883614135365304645" rel="noopener noreferrer nofollow">observation</a>, the analyst noted that historically, Bitcoin tended to go parabolic around this stage of the cycle.The post <a href="https://cryptopotato.com/arthur-hayes-predicts-bitcoin-correction-to-75k-as-btc-loses-100k-mark/" rel="noopener noreferrer nofollow">Arthur Hayes Predicts Bitcoin Correction to $75K as BTC Loses $100K Mark</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.

Arthur Hayes Predicts Bitcoin Correction to $75K as BTC Loses $100K Mark

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