{"id":9339,"date":"2024-01-05T22:56:06","date_gmt":"2024-01-05T22:56:06","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=9339"},"modified":"2024-01-05T22:56:06","modified_gmt":"2024-01-05T22:56:06","slug":"bitmex-founder-announces-bitcoin-price-prediction","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/bitmex-founder-announces-bitcoin-price-prediction\/","title":{"rendered":"BitMEX Founder Announces Bitcoin Price Prediction!"},"content":{"rendered":"<div>BitMEX co-founder Arthur Hayes, in a blog post published on January 5, 2024, revealed his expectation of a correction in Bitcoin price ranging between 20% and 30% in March.<\/div>\n<div><\/div>\n<div>Arthur Hayes, co-founder and former CEO of BitMEX, shared his predictions by stating that investors should anticipate a significant correction in March.<\/div>\n<div><\/div>\n<div>He suggested that the expected influx of billions of dollars into the market after the potential ETF approvals could lead to a new all-time high (ATH) for the Bitcoin price in a short period.<\/div>\n<div><\/div>\n<div>Arthur Hayes added that after Bitcoin reaches a new peak, a healthy correction of approximately 20% to 30% could occur in March. Emphasizing that we are in the early stages of the bull market, Hayes warned investors entering the markets during the bull season, referring to them as &#8220;tourists.&#8221;<\/div>\n<div><\/div>\n<div>Hayes pointed out three crucial factors in March that could deeply impact the crypto market:<\/div>\n<div><\/div>\n<ul>\n<li>Decrease in the Reverse Repo Program (RRP) balance.<\/li>\n<li>Expiration of the Bank Term Funding Program (BTFP) on March 12.<\/li>\n<li>Federal Reserve interest rate announcements.<\/li>\n<\/ul>\n<p>Highlighting that there are six trading days between these two significant events, Hayes suggested that, according to his estimates, several banks could face insolvency during this period.<\/p>\n<div><\/div>\n<div>He maintained his long-term bullish outlook despite these warnings.<\/div>\n<div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>BitMEX co-founder Arthur Hayes, in a blog post published on January 5, 2024, revealed his expectation of a correction in Bitcoin price ranging between 20% and 30% in March. Arthur Hayes, co-founder and former CEO of BitMEX, shared his predictions by stating that investors should anticipate a significant correction in March. He suggested that the<\/p>\n","protected":false},"author":13,"featured_media":9340,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,9,2],"tags":[552,2624,3451],"class_list":["post-9339","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-coin-analysis","category-crypto-news","category-news","tag-bitcoin-price","tag-bitmex","tag-bitmex-founder-announces-bitcoin-price-prediction"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>BitMEX Founder Announces Bitcoin Price Prediction! - Coin Engineer<\/title>\n<meta name=\"description\" content=\"BitMEX co-founder Arthur Hayes revealed his expectation of a 20% to 30% correction in Bitcoin price in March.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/bitmex-founder-announces-bitcoin-price-prediction\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BitMEX Founder Announces Bitcoin Price Prediction! 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