Arthur Hayes, the co-founder of BitMEX believes Bitcoin can reach a new high

[FXOcrypto]

Bitcoin still tends to move in a consolidation phase waiting for the Bollinger band squeeze breakout on H4.
Some investors see bullish potential still existing before the halving. On weekly, two long candlesticks indicate strong bullishness. However, RSI entered the overbought zone.

Today the average cryptocurrencies move up and down positive and negative, Bitcoin up 0.53%, Ethereum up 2.14% BNB up 2.13%, Solana down 1.23%, XRP down 0.03%. The Fear and Greed Index value at 73 is down 2 points from 75. Price range in 24 hours latest Low $50,926.29 and High $52,009.61

Arthur Hayes, the co-founder of BitMEX believes Bitcoin can reach a new high because it is driven by supporting factors.
Hayes pointed to spot ETF accumulation, along with a possible Federal Reserve interest rate cut, as the main drivers of Bitcoin's projected rise to unprecedented levels.

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[Riberet19]

I am also one of those who believe that Bitcoin can reach another all-time high in 2024 or 2025, due to different factors, but one of the main ones is the halving, apart from the ETF, and the constant devaluation of fiat money, so Bitcoin has it easy to achieve it.

 

[FXOcrypto]

The all-time high record for Bitcoin may break due to several supporting factors including the Halving and Bitcoin ETF, but for today it seems that the price is still in a consolidation phase in the $50k-$53k range. Today Ethereum gained a higher gain of 4.12% compared to Bitcoin's 0.31%. This may also be related to the Dencun Ethereum upgrade which is expected to occur in March 2024.

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