Bitcoin’s Potential Rally Hinges on Key Support Level
- Arthur Hayes, BitMEX co-founder, emphasizes Bitcoin must hold $76,500 as support to maintain an uptrend.
- Bitcoin is currently trading at $82,836.
- Hayes links potential Federal Reserve quantitative easing to US President Donald Trump’s new tariffs.
- The weakening US dollar may boost Bitcoin and gold as hedges against inflation.
- Hayes communicated these views to his 662,400 followers on social media platform X.
If Bitcoin maintains a support level of $76,500 amid current market conditions, it could potentially rally again according to Arthur Hayes. The cryptocurrency is trading at $82,836 currently.
Source (2.6)https://dailyhodl.com/2025/04/04/bitcoin-will-be-out-of-the-woods-if-major-support-level-holds-over-next-two-weeks-says-arthur-hayes/?rand=59076
