Arthur Hayes has revealed his Bitcoin (BTC) price expectations.

Arthur Hayes believes that Bitcoin (BTC) could fall below $50,000. Data from TradingView shows that BTC fell to $55,500 during the Asian session and a new downtrend could begin. Ahead of the release of the US unemployment data, it was seen that the bulls were not strong enough to push the price up.

Arthur Hayes believes that $BTC

will test below $50,000. Hayes, who has been shorting BTC, has of course upset his followers. However, he is not the only one who expects Bitcoin to fall. Another crypto analyst, Caleb Franzen, expressed his reasons for expecting Bitcoin to fall as follows: “The 200-day Simple Moving Average (#SMA) and Exponential (#EMA) indicate that Bitcoin is about to make a new decline.”

Prominent crypto investor Peter Brandt also approached the topic from a similar perspective: “The megaphone structure that has emerged on the weekly chart could be the trigger for a new decline in #BTC. Sellers have dominated the market for months. The lower limit of the technical structure is $46,000. We need a rally to see a bull market. But right now, sellers are stronger than buyers.”

As of press time, the leading cryptocurrency, with buyers at $55,880, could face selling pressure unless it can break above $60,000. According to analysts, it would be useful to watch the $46,000-$50,000 range as a support zone.