Bitcoin bottomed at $60000 and will retake $126000 - Arthur Hayes

[asriloni]

I'have seen enough how Hayes always changing his prediction anytime. He's always being very inconsistent with any of his prediction. That's why i never trust him again, though his prediction makes sense here.

I'd rather call the bottom to below than 60k because we're now starting to get another bottom. I've said in the different thread about how Bitcoin is likely going to be bearish again.

USDT.D is likely moving up, and i expect a doomsday for alts when BTC is also break out from 61% - 62%, I guess big discount is around the cornder. So we will see bottom most probably at Q3 - Q4 this year.

[free-bit.co.in]

People's speculation change with the direction of the market and has been like that for a long time. Soon, the experts will say the opposite if the market created wick, all these predictions are just predictions after all.
But, in my opinion $60000 could be the bottom of this cycle and retaking $126000 isn't entirely impossible, but it needs the fourth quarter of 2026 to hit macro bottom at that price for the next bull to take place and create an even higher all time high. Historically speaking, macro bottom happens 12 month after all time high. Things will get clearer once we be to October 2026.

I do not know, and I will not make any firm claim. Instead, as I said, we should prepare and have backup plan rather than betting everything on a single scenario without any certainty.

There is no guarantee that bitcoin will never return to $60k and form a new bottom this year. Bitcoin is unpredictable, and the successful investors so far are those who were well prepared, not those who only believe what they want to happen.

[Odohu]

His conclusion that Bitcoin will not retake the $126,000 ATH is faulty and completely wrong because when the time is right, Bitcoin will eat the ATH and even seek higher price regimes. What the market is experiencing is just normal correction and that is how the market is destined to behave. I know the reason for his hasty conclusion is the reduced volatility the market have experienced due to the ETF approvals that have lead to reduced onchain transactions but that will not be the same forever, the moment more people begin to realize that it is more profitable to buy real Bitcoin and not via ETF, things will change.

[jcojci]

Bitcoin now plummeted to $74,000 after staying above $75,000 and coincidentally that happened over the weekend. We thinks that is a correction and not expected the price to go down too far (but it did). But we don't have to worry and just watch the price moves and prepares our time to enter the market and buy.

No one knows if the price will down to $60,000 but even if that happens, we must use that as a time to buy because we might not see that price in the future.

The investors prepare for their time and also their funds to buy so we should not miss that for our benefits. The war still happens and could become worse so we also need to be ready for anything that happens.

[Iranus]

I'have seen enough how Hayes always changing his prediction anytime. He's always being very inconsistent with any of his prediction. That's why i never trust him again, though his prediction makes sense here.

I'd rather call the bottom to below than 60k because we're now starting to get another bottom. I've said in the different thread about how Bitcoin is likely going to be bearish again.

USDT.D is likely moving up, and i expect a doomsday for alts when BTC is also break out from 61% - 62%, I guess big discount is around the cornder. So we will see bottom most probably at Q3 - Q4 this year.

Many people probably will not like this, but I agree with you.

Today I also looked at the USDT.D chart and I also think it will go up. It suggests a price drop could be coming, although I’m not sure whether it will be a major one.

Besides, I have never believed in the "this time will be different" theory, and I still maintain the view that history is repeating itself. So 60k$ may not be the final bottom of this bear cycle, IMO.

[YOSHIE]

Bitcoin bottomed at $60000 and will retake $126000 - Arthur Hayes

For Bitcoin I remain optimistic and my speculation continues to refer to the upcoming halving, my speculation is no matter how much the Bitcoin price falls at this time, the next halving I am sure the Bitcoin price will rise to a higher level exceeding $126k, I have no doubt about that.

I remember before the halving happened, we would be attacked by various negative issues, but none of that made Bitcoin afraid, it was just that investors panicked themselves and they released all their Bitcoins, well that's when regret will come, why else would you regret that the price of Bitcoin is alreadypenetrate to the highest level.

At the moment I personally don't have a negative view of the price of Bitcoin, even though it fell to $60k, for me that's a normal thing in the crypto market, remember that after there is a decline there must be an increase, that's the law of the market.

[Pandorak]

Bitcoin now plummeted to $74,000 after staying above $75,000 and coincidentally that happened over the weekend. We thinks that is a correction and not expected the price to go down too far (but it did). But we don't have to worry and just watch the price moves and prepares our time to enter the market and buy.

No one knows if the price will down to $60,000 but even if that happens, we must use that as a time to buy because we might not see that price in the future.

The investors prepare for their time and also their funds to buy so we should not miss that for our benefits. The war still happens and could become worse so we also need to be ready for anything that happens.

Many analyses suggest that Bitcoin price will drop significantly to $60k, but there are also those who believe the current decline is merely a correction following Bitcoin earlier rally to $82k. Personally, i’m not too concerned about it, a bear market is something that inevitably occurs in every cycle, and we’re currently in that phase. So rather than worrying about further declines, it’s better to focus on budgeting for purchases, that’s exactly what i’m doing right now.

[bitgolden]

While there are cases where we are seeing it go low, the reality is that we should not be considering the bottom is done. You never know if it's done or not, you should be aware that it may not be done, and you could be in trouble if you are not careful about it.

I understand that it looks as if this is not something you are sure about, but to be fair to everyone else, we are seeing something that is volatile, bitcoin could still go to sixty thousand and could even see lower than that too.

[UmerIdrees]

Clearly stated on the article that 'any views expressed here are the personal views of the author and should not form the basis for making investment decisions, nor be construed as a recommendation or advice to engage in investment transactions'.

Do not believe in Arthur Hayes or any famous personalities on their bitcoin predictions. These predictions, if they become true, will let us remember again and again that this person said this, but if they are proved wrong, no one will talk about them, and they will come up with another prediction.

No one knows if 60K was the bottom of this bear market or if we will dump further, it's just speculation, but if this speculation is done by you or me, it doesn't matter, but if done by people like Arthur Hayes, people tend to believe them as if he has seen the future 

[goldkingcoiner]

Clearly stated on the article that 'any views expressed here are the personal views of the author and should not form the basis for making investment decisions, nor be construed as a recommendation or advice to engage in investment transactions'.

I think they (Crypto influencers and other ego maniacs) all write that just to be safe from any legal problems should their prediction turn out wrong and somebody decides to take them to court for following their (obvious) advice.

Although giving advice and then saying it's not advice... Not sure if that would hold up in court.

But he posted about how war is inflation, also he talked about AI and money printing which can be for the advantage of bitcoin to get to all time high.

https://cryptohayes.substack.com/p/the-butterfly-touch

War and unstable geopolitics have definitely contributed massively to the drop from 100K to 70K. No doubt about that. Had Trump not been elected president we would probably be above 100K right now.

[Out of mind]

Bitcoin price peaked at $126k and it reached its lowest point of decline at $60k. This was a huge dump on the Bitcoin market and a rapid decline that brought it closer to a bear market. However, we can certainly expect Bitcoin to re-enter the highs, although it is not going to happen anytime soon. We will see Bitcoin market again in the $126k range as the market is currently moving through a stable phase and is not behaving normally as it is currently moving downwards. When the Bitcoin market normalizes and it starts to move upwards, we will definitely see a bigger change in the Bitcoin market.

[summonerrk]

There's an interesting observation related to 60k. As analysts note, Bitcoin's 4-year moving average is currently around $60,000. Meanwhile, the current price of digital gold is only 22.8% above its 4-year moving average.
Historically, only about 19% of days have had a smaller deviation. Roughly 81% of days have seen the price rise above the 4-year moving average. Therefore, this would typically be a good buying zone for BTC.
It turns out that using selective DCA in conjunction with such an indicator could yield significantly better results than with a standard DCA approach.

[m2017]

Bitcoin to re-enter the highs, although it is not going to happen anytime soon.

But judging by the current market situation, we are more likely to see a minimum of $ 60k. (or lower) in the near future.

There's an interesting observation related to 60k. As analysts note, Bitcoin's 4-year moving average is currently around $60,000.

So, based on this chart, you think bitcoin shouldn't fall below $ 60k.? Of course, that's a good price to buy, as it's half the price of the ATH model.

It turns out that using selective DCA in conjunction with such an indicator could yield significantly better results than with a standard DCA approach.

All that remains is to find a "correctly" working indicator.

[Nathrixxx]

Even if bitcoin go dips below low $50,000 market price, we know that it will rise back and make it up to an all-time high in bull season as it has always been doing, we have to know one thing about bitcoin consistency and also understand why even at every full there is a full confidence and opportunity to rise again, the market is not stable and this is where it is more volatile as evil before, so it is normal thing that we should expect this beer season to soon go and later emerge into bull season again.

[Pandorak]

Even if bitcoin go dips below low $50,000 market price, we know that it will rise back and make it up to an all-time high in bull season as it has always been doing, we have to know one thing about bitcoin consistency and also understand why even at every full there is a full confidence and opportunity to rise again, the market is not stable and this is where it is more volatile as evil before, so it is normal thing that we should expect this beer season to soon go and later emerge into bull season again.

Basically this is a great opportunity to accumulate Bitcoin, the current decline will allow you to acquire more if you buy the same amount as before. Especially for long-term investors, there’s no need for excessive worry, as we know that so far Bitcoin has never let down those who believe in it. Meanwhile, for traders, this is a disaster, they must be stressed seeing their portfolios continue to decline, and witnessing this Bitcoin drop is causing them anxiety, because after hitting the psychological level of $70k, there was no reversal, not even on smaller time frames and the price immediately dropped significantly. As i write this, Bitcoin is trading around $67,200.

[_act_]

Even if bitcoin go dips below low $50,000 market price, we know that it will rise back and make it up to an all-time high in bull season as it has always been doing

This is very true and this has been the time many people have been waiting for to come and now here is it. Some people will want bitcoin to fall further so they can get in at lower price, but I think it will be better for such people to start buying bitcoin. As for bitcoin getting to $50000, I do not think that will be possible in this bear season. What I am thinking is that bitcoin is not going to $50000 ever again.

[Dave1]

Even if bitcoin go dips below low $50,000 market price, we know that it will rise back and make it up to an all-time high in bull season as it has always been doing, we have to know one thing about bitcoin consistency and also understand why even at every full there is a full confidence and opportunity to rise again, the market is not stable and this is where it is more volatile as evil before, so it is normal thing that we should expect this beer season to soon go and later emerge into bull season again.

It's what we call the cycle, and it's true but it will take sometime though before we can risen up and make a new all time high. Right now we are in the bearish trend and that's is something to ponder right now. Prices are going to decline, and we are still a lot of months before the end of the year.

That's why we don't want to see $50k, because that is the worst price that for a Bitcoin investor to see. Our portfolio are going to be red. However, it's more of a mental game, it's just paper lost so we shouldn't worry. And instead, just buy and accumulate at your our phase and then look for the bigger picture. As once we all have been though with this bear market, obviously, bull will take over and price not just Bitcoin but the whole market will go up again.

[jcojci]

Bitcoin now plummeted to $74,000 after staying above $75,000 and coincidentally that happened over the weekend. We thinks that is a correction and not expected the price to go down too far (but it did). But we don't have to worry and just watch the price moves and prepares our time to enter the market and buy.

No one knows if the price will down to $60,000 but even if that happens, we must use that as a time to buy because we might not see that price in the future.

The investors prepare for their time and also their funds to buy so we should not miss that for our benefits. The war still happens and could become worse so we also need to be ready for anything that happens.

Many analyses suggest that Bitcoin price will drop significantly to $60k, but there are also those who believe the current decline is merely a correction following Bitcoin earlier rally to $82k. Personally, i’m not too concerned about it, a bear market is something that inevitably occurs in every cycle, and we’re currently in that phase. So rather than worrying about further declines, it’s better to focus on budgeting for purchases, that’s exactly what i’m doing right now.

The price now is at $65,7xx - $65,7xx and still going down without we know when will stop. Maybe this is correction but the bear market happens now so we need to be careful and not in rush deciding.

We can focus on budgeting for purchases than panic, this is a big discount for us or those who want to buy Bitcoin at a low price. But I guess only some people who can see this opportunity as the time buy while others still panic and difficult to accept the reality.

[Out of mind]

Bitcoin price started to decline from a high of $126k ATH and it fell to $60k which disappointed many investors. Although we are optimistic that the Bitcoin market will go back to that level and make a new history again, the price of Bitcoin is a matter of time. However, we have seen a few days ago that the Bitcoin market was moving slowly and it was going to be stable but later the market faced a decline again. The largest holders of Bitcoin are Strategy companies who have been investing in Bitcoin for a long time and they have bought some of their Bitcoins due to which the market has had a negative impact. Although the amount of Bitcoin was low, the market has come down a lot but anyway, those who invest in the long term, this 5-10% market dumping is nothing to them. However, I think that since the Bitcoin market had already gone down a lot, it will correct again and move towards the high.

[shinratensei_]

Even if bitcoin go dips below low $50,000 market price, we know that it will rise back and make it up to an all-time high in bull season as it has always been doing, we have to know one thing about bitcoin consistency and also understand why even at every full there is a full confidence and opportunity to rise again, the market is not stable and this is where it is more volatile as evil before, so it is normal thing that we should expect this beer season to soon go and later emerge into bull season again.

Bear season is honestly nothing more than an opportunity for people who are late to get in to invest into Bitcoin. We've been having the same cycle over and over and we are just repeating history.
The people who bought at the bottom are making good ROI at all time high peak, it will happen again this time around and people should know that they are being given another opportunity to invest at low cost.