{"id":9817,"date":"2025-01-27T09:01:45","date_gmt":"2025-01-27T09:01:45","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=9817"},"modified":"2025-01-27T09:01:45","modified_gmt":"2025-01-27T09:01:45","slug":"arthur-hayes-predicts-bitcoin-correction-to-75k-as-btc-loses-100k-mark","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=9817","title":{"rendered":"Arthur Hayes Predicts Bitcoin Correction to $75K as BTC Loses $100K Mark"},"content":{"rendered":"
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Bitcoin experienced a sharp decline of nearly 6% in the last 24 hours, falling briefly below $98,000. This drop occurred despite a significant development on Friday when President Donald Trump announced the formation of a crypto policy group set to shape the country\u2019s crypto industry within six months.<\/p>\n

Market experts are now cautioning that further losses may follow.<\/p>\n

\u201cFinancial Crisis\u201d Looms<\/h2>\n

BitMEX co-founder Arthur Hayes predicts<\/a> a turbulent path ahead for Bitcoin, expecting a correction to between $70,000 and $75,000 due to a \u201cmini financial crisis.\u201d<\/p>\n

Despite this, he remains bullish on Bitcoin\u2019s long-term outlook, projecting a rally to $250,000 by the end of the year, driven by renewed monetary stimulus.<\/p>\n

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\u201cI am calling for a $70k to $75k correction in $BTC, a mini financial crisis, and a resumption of money printing that will send us to $250k by the end of the year.\u201d<\/p>\n<\/blockquote>\n

Bitcoin\u2019s recent plunge <\/a>was attributed to a broader market sell-off triggered by the rising popularity of the China-based artificial intelligence app DeepSeek. The app\u2019s performance, which rivals OpenAI\u2019s models with lower chip requirements, has raised concerns among investors, prompting a \u201crisk-off\u201d sentiment.<\/p>\n

Bitcoin, which surged past $70,000 in November following Donald Trump\u2019s election victory and subsequent pro-crypto initiatives, remains closely tied to the US stock market. Its price tends to move in tandem with high-growth tech stocks, which have benefited from the AI boom since 2022. However, DeepSeek\u2019s advancements have created fears of a shift in the market, which ultimately led to sharp declines in crypto prices.<\/p>\n

Market analyst Adam Kobeissi described<\/a> the latest sell-off as a reaction to investor uncertainty driven by DeepSeek\u2019s disruptive potential.<\/p>\n

Bitcoin\u2019s Failed Head-and-Shoulders Pattern<\/h2>\n

Data shared by crypto analyst Ali Martinez shows the failure of a head-and-shoulders pattern in Bitcoin\u2019s price action, suggesting a bullish outlook for the world\u2019s largest cryptocurrency. In his latest tweet, Martinez indicates that this pattern breakdown points to a potential upside target of $122,000 following the invalidation of the bearish setup and the subsequent possibility of significant upward momentum.<\/p>\n

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The failure of this head-and-shoulders pattern suggests a potential upside target of $122,000 for #Bitcoin<\/a> $BTC<\/a>! pic.twitter.com\/vMTfoaRNSO<\/a><\/p>\n

\u2014 Ali (@ali_charts) January 27, 2025<\/a><\/p>\n<\/blockquote>\n