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Arthur Hayes Expects Bitcoin's Decline to Bottom at $80,000
According to BitMEX co-founder Arthur Hayes, Bitcoin may continue fluctuating below $90,000 in the coming days.
Moreover, he expects another drop toward the $80,000 support level, and this level will likely hold due to improving dollar liquidity and shifting macroeconomic signals.
The expert pointed to “slight improvements in dollar liquidity,” highlighting two key factors:
- the Federal Reserve’s quantitative tightening program may end on December 1;
- U.S. banks increased lending in November, easing some liquidity pressure that weighed on risk assets at the beginning of Q4.
These factors may help Bitcoin’s price recover next year.
Bitget Wallet’s Marketing Director Jaime El-Kaleh believes that a broader stabilization pattern may be forming beneath the current volatility: inflows into ETFs are resuming, and retail selling pressure is decreasing.
She also emphasized Ethereum’s recovery above $2800, which she attributes to the Fusaka upgrade that strengthens Ethereum’s position in DeFi, scaling solutions, and network infrastructure.
Today, Bitcoin traded between $85,700 and $87,995, stabilizing around $86,000.
See also: "Jeff Park Identified a Strong Catalyst for Bitcoin Price Growth"
