Bitcoin is on the rise again, climbing to $86,000 after the latest Federal Open Market Committee (FOMC) meeting. But according to former BitMEX CEO Arthur Hayes, this is just the beginning. He predicts the Federal Reserve will cut interest rates on April 1, which could fuel an even bigger rally.
Could Bitcoin hit $90,000 next?
Arthur Hayes believes Bitcoin’s recent drop to $77,000 was the bottom. He expects April 1 to be a turning point when the Fed could end its policy of quantitative tightening (QT). If that happens, more money could enter the market, pushing Bitcoin higher.
Hayes also warns that if the U.S. stock market keeps falling, the Fed may step in with policies that indirectly help Bitcoin. His advice? “Stay nimble and cashed up” because big market moves could be ahead.
For months, traders have speculated that the Fed would ease its tightening policies. The latest FOMC minutes confirmed this, showing that the Fed will cut its monthly Treasury sales limit from $25 billion to $5 billion.
Bitcoin reacted immediately. After the FOMC meeting, BTC surged 3.5% to $87,000 and is now testing key resistance levels. Crypto analyst IncomeSharks pointed out that if Bitcoin closes above $86,351, it could break out into a major rally.
Another factor driving Bitcoin’s price is the increasing M2 money supply, which has a strong connection to BTC’s movements. Experts say that even a small 10% increase in liquidity could more than double Bitcoin’s price. If this trend continues, BTC could reach $90,000 – or higher – in April.
While Hayes is confident that QT will end by April 1, not all analysts are on board. Market expert Benjamin Cowen argues that QT is still in effect, with the Fed reducing its balance sheet by $35 billion per month.
If the Fed does cut interest rates as Hayes predicts, Bitcoin could see a massive surge. With April fast approaching, all eyes are on the Fed’s next move – one that could send BTC soaring past $90,000.
Bitcoin seems to have only one direction in mind – straight up. Let’s see if the Fed fuels the fire.
As per Coinpedia’s BTC price prediction, 1 BTC could peak at $169,046 this year if the bullish sentiment sustains.
With increased adoption, the price of 1 Bitcoin could reach a height of $610,646 in 2030.
As per our latest BTC price analysis, the Bitcoin could reach a maximum price of $5,148,828.
The Bonk price has surged recently which seems like it is fueled by increased excitement…
Story Highlights The price of the Livepeer token is . The LPT price could hit…
BONK, the leading dog-themed memecoin on Solana, has surged 58% over the past week, and…
Ripple has always been surrounded by secrets and strong opinions, but a new claim by…
Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are currently holding firm near pivotal level which…
As Ripple (XRP) flatlines yet again and fails to break key resistance levels, smart money…