๐ฃ Good news, crypto fans! ๐ 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. ๐ช
- Casual investors might chill on the sidelines, but serious ones are likely to hold and accumulate more Bitcoin, Ether, and high-risk altcoins. ๐
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! ๐ #Bitcoin #CryptoNews #DeFi