#IloveTURMP #ilove #ILOVEsTRUMP $TRUMP BTC may reach $110,000 because to the Fed's dovishness and Trump's tariff flexibility
Monday, bitcoin is over $87,000 after rebounding 4.25% last week.
BitMEX co-founder Arthur Hayes expects BTC to reach $110,000 before backtracking to $76,500.
US Bitcoin spot ETF statistics showed $744.30 million net inflow last week.
Bitcoin (BTC) price rises beyond $87,400 on Monday after rebounding 4.25% previous week. BitMEX co-founder Arthur Hayes forecasts BTC might reach $110,000 before reverting to $76,500 due to the Fed's dovish inflation stance and Trump's tariff flexibility. Last week, $744.30 million inflows into US spot ETFs helped BTC rebound.
Bitcoin might ‘hit $110,000’, claims BitMEX co-founder Arthur Hayes.
Bitcoin price rose beyond $87,000 in the early European session on Monday after rebounding roughly 5% the week before. The White House's narrowed approach to tariffs due to take effect on April 2 likely omits industry-specific duties while putting reciprocal levies on a chosen list of countries that account for most US international commerce.
Bitcoin institutional demand seems to be recovering.
Institutional demand for Bitcoin is strong. Coinglass reported $744.30 million in Bitcoin spot ETF inflows last week, following $830.50 million outflows the week before. Bitcoin may rebound if this influx continues and increases, reducing sell-side pressure.
Binance holds a record $31 billion in stablecoins (ERC-20), according to CryptoQuant. This gain suggests Binance investors are confident and ready to join or re-enter the market, which is positive.
Bitcoin Price Forecast: Bulls Want $90,000.
Bitcoin breached and closed above its 200-day Exponential Moving Average (EMA) on Wednesday but failed to find support, lingering around it all week. BTC breached and closed above its 200-day EMA again on Sunday. Monday's trading price is little over $87,400.
BTC may return to $90,000 if it finds support around its 200-day EMA around $85,519. A closure over this level might continue the surge to $95,269, its March 2 high.