TL;DR
- Arthur Hayes warns that Bitcoin must stay above $76,500 until April 15 to avoid greater instability and potential declines.
- BTC fell to $82,000 after the new U.S. tariffs, while Ethereum dropped to $1,797. Uncertainty continues to impact the market.
- Glassnode points to exhaustion in selling pressure, but there are still no clear signs of a bullish reversal or sustained momentum.
Arthur Hayes warned about the volatility that could affect Bitcoin in the coming weeks. According to the former BitMEX CEO, its price must remain above $76,500 until April 15 to prevent further instability.
His comments come after a sharp market correction, which pushed Bitcoin down to $82,000 after reaching a high of $88,500. Ethereum also suffered losses, falling from $1,934 to $1,797.
The drop coincided with the announcement of new tariffs by the U.S. government. Starting April 5, a 10% tax will be applied to imports from all countries, with higher rates for China, the European Union, and Japan. The measure was announced by President Donald Trump alongside a national emergency declaration, which caused turmoil in financial markets. Initially, the crypto market reacted optimistically, but the trend reversed as the impact of these trade restrictions became clear.
Is Bitcoin in a Downtrend?
Glassnode pointed out that Bitcoin is showing signs of exhaustion in selling pressure, although there are still no indications of a sustained trend reversal. After reaching a peak of $109,000 in January, BTC remains in a correction phase. The $76,000–$80,000 zone has served as a support level, but on-chain indicators suggest these rebounds could be temporary and part of a broader bearish trend.
Hayes believes Bitcoin’s performance over the next two weeks will be crucial in determining market stability. He also maintains a long-term bullish projection, arguing that monetary supply expansion could push the asset above $250,000 before the year ends.
The Fed’s Role and Hayes’ Predictions
His forecast is based on the possibility that the Federal Reserve will adopt quantitative easing policies, which would increase liquidity in financial markets. According to this theory, a rise in the money supply would boost demand for assets like Bitcoin, driving its price to new all-time highs.
Despite the fluctuations, the market remains focused on the development of various factors. The combination of economic uncertainty, regulatory decisions, and institutional actions will shape the industry’s direction in the coming months.
