In recent days, the value of Bitcoin (BTC) has undergone a significant correction, dropping to levels between 70,000 and 72,000 dollars. This price range represents a crucial point for the market, as it could determine whether the cryptocurrency will resume its bull run or face a longer consolidation phase.
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The current context of the value of Bitcoin (BTC)
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Currently, Bitcoin is priced around 80,000 dollars, after hitting a daily low of 76,749 dollars and a high of 83,814 dollars. Volatility remains high, with significant swings reflecting market uncertainty.
One of the most interesting aspects of the recent correction is the so-called “Trump trade“. This term refers to the fact that Bitcoin had started its rally from 70,000 dollars after Donald Trump’s victory in the early November elections. This level now acts as a critical support, and its holding could favor a restart of the bull trend.
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The predictions of Bitcoin’s value according to Arthur Hayes
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Arthur Hayes, co-founder and former CEO of BitMEX, recently stated that the price of Bitcoin could find a low point around $70,000, with a 36% correction from the all-time high of $110,000. According to Hayes, such a correction is normal within a bull market and could represent a buying opportunity for investors.
Hayes also expressed a very optimistic long-term view. According to his forecasts, Bitcoin could first drop to the range between 70,000 and 75,000 dollars, and then resume its growth and reach 250,000 dollars by the end of the year. In the long term, Hayes believes that BTC could even reach 1 million dollars.
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Key factors to monitor
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There are several elements that could influence the price of Bitcoin in the coming months:
- Central Bank Policies – The Federal Reserve and other financial institutions are monitoring inflation and may adopt restrictive monetary policies that would impact market liquidity.
- Institutional Adoption – More and more companies and investment funds are including Bitcoin in their portfolios, but a reversal could lead to new bear pressures.
- Geopolitical Situation – Global events, at this moment especially Trump’s tariff policy, could impact market sentiment.
Bitcoin is currently in a delicate phase, with the key support between 70,000 and 72,000 dollars representing a critical level for its future trend. If the cryptocurrency manages to maintain these levels, we might witness a restart towards new highs. Otherwise, the market could enter a more prolonged consolidation phase.
Investors should remain cautious and closely monitor macroeconomic and market developments before making strategic decisions. Volatility remains high, but the long-term outlook continues to be bull according to industry analysts.
Source: https://en.cryptonomist.ch/2025/03/11/bitcoin-analysis-of-the-value-and-future-prospects/