📣 Good news, crypto fans! 📈 BitMEX founder Arthur Hayes suggests that Bitcoin may have hit a local bottom and is set for a gradual recovery.

- Hayes attributes the recent slump to factors like US tax season, Fed uncertainty, and a slowdown in the growth of AUM for spot ETFs in the US.

- He sees these events as a necessary market cleanse. 💪

- Casual investors might chill on the sidelines, but serious ones are likely to hold and accumulate more Bitcoin, Ether, and high-risk altcoins. 🚀

Hayes predicts a rally that could push Bitcoin above $60k again, with range-bound price action between $60k and $70k until August.

Bitcoin surpassed $61.8k on Friday, showing signs of recovery. Experts believe it might trade sideways for a while, which is typical post-halving.

Jeff Ross, CEO of Vailshire Capital Management, maintains his bullish stance, seeing the upcoming weeks and months as a prime opportunity to accumulate BTC.

What do you think? Is it time to buy, hold, or sell? Share your thoughts below! 👇 #Bitcoin #CryptoNews #DeFi