Former Bitmex CEO Arthur Hayes has shared a positive outlook for Bitcoin, suggesting the price will reach $110,000 as a result of the Fed's policy shift amidst current economic conditions.
Arthur Hayes on Bitcoin's Future
Arthur Hayes expressed confidence in Bitcoin's significant growth, believing the price will hit $110,000 before testing the $76,500 level. According to his forecast, the main driver of this growth will be the Fed's shift from quantitative tightening to quantitative easing. Hayes also noted the temporary nature of inflation and downplayed the impact of tariffs.
Potential Growth Indicated by US Bank Index
Hayes also pointed to positive changes in the US bank credit supply index, which indicates improving liquidity. The .BANKUS U index closed at 6.8599 million on March 20, 2025, which, though lower than peak levels, signals potential credit expansion. The index's recovery in early 2025 may contribute to Bitcoin's market growth if the trend continues.
Technical Indicators Confirm Bitcoin's Upward Movement
Analyst Quinten Francoise highlighted the 'ascending triangle' pattern on Bitcoin's four-hour chart, where the price rises, forming higher lows and testing resistance. With the current price around $87,531, a breakout towards $92,000 is anticipated. The support of the ascending trendline reinforces the bullish outlook.
Arthur Hayes's optimism about Bitcoin's future is supported by both macroeconomic factors and technical indicators. If these factors continue to persist, Bitcoin may experience significant growth in the near future.
