Close Menu

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Opinion: Coinbase is a ‘mission focused company’

    June 30, 2025

    Aptos founder joins BlackRock, Goldman Sachs in shaping CFTC crypto’s rulebook

    June 30, 2025

    Wall Street loves selling crypto treasury stocks

    June 30, 2025
    Facebook X (Twitter) Instagram
    Monday, June 30
    • About
    • Contact us
    • Privacy Policy
    Facebook X (Twitter) LinkedIn YouTube
    Blockchain Echo
    Banner
    • Lithosphere News Releases
    • Bitcoin
    • Crypto
    • Ethereum
    • Litecoin
    • Altcoins
    • Blockchain
    Blockchain Echo
    Home » Bitcoin poised for massive correction to $70K-$75K before surging to $250K by year end, BitMEX co-founder
    Crypto

    Bitcoin poised for massive correction to $70K-$75K before surging to $250K by year end, BitMEX co-founder

    John SmithBy John SmithJanuary 29, 2025No Comments2 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email



    BitMEX co-founder Arthur Hayes predicted that Bitcoin could potentially pull back toward the $70,000 to $75,000 range.

    In a recent post on X, BitMEX co-founder Arthur Hayes said that Bitcoin (BTC) price stands poised for a massive correction to the $70,000 to $75,000 range. Furthermore, he suggested that this dip could trigger a “mini financial crisis” and result in a renewed wave of money printing. This development, according to Hayes, could ultimately propel Bitcoin’s price to $250,000 by the end of 2025.

    Reversing the order of my tryptic essay series.

    The Ugly will be published tomorrow morning. I 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. pic.twitter.com/wohvbKkXOf

    — Arthur Hayes (@CryptoHayes) January 27, 2025

    Bitcoin’s last visit to the $75,000 level occurred on Nov. 8, 2020, just days after Donald Trump’s U.S. presidential victory. As of the time of publication, Bitcoin is trading at $102,876. 

    Hayes’ prediction came amid a broader slump in the crypto market. Following the release of DeepSeek R1 on Jan. 20, Bitcoin price experienced a significant decline, falling below $100,000 and reaching approximately $97,800 during Asian training hours. This has sparked a range of speculations from analysts about how much further Bitcoin price may fall.

    Michael van de Poppe, founder of MN Capital, downplayed concerns over the current market volatility, describing the drop as a “short-term shock.” Van de Poppe cautioned against reacting hastily to short-term market fluctuations and pointed out that Bitcoin has reached what he termed an “exciting entry zone.” However, he acknowledged that if Bitcoin fails to maintain this support, a drop to the range lows is likely.

    I don’t think there’s a reason to panic.

    Short-term shock and panic reaction on the markets causing AI and #Crypto to drop.#Bitcoin reached an exciting entry zone, marked this earlier.

    If this doesn’t hold, we’ll see range lows. pic.twitter.com/mffq12w5xa

    — Michaël van de Poppe (@CryptoMichNL) January 27, 2025





    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleJack Dorsey and Block abandon Web5 to mine bitcoin
    Next Article Ethereum turns 5 🎂 | Ethereum Foundation Blog
    John Smith

    Related Posts

    Aptos founder joins BlackRock, Goldman Sachs in shaping CFTC crypto’s rulebook

    June 30, 2025

    SOL spot ETF with staking could go live this week, expert says

    June 30, 2025

    Ripple XRPL EVM Sidechain goes live, bringing XRP to Ethereum dApps

    June 30, 2025
    Leave A Reply Cancel Reply

    Top Posts

    🐍 Lunar New Year Scratch & Win Campaign Is Live with a Grand Prize of 8,888,888 VERSE (~$1800) | by Bitcoin.com | Jan, 2025

    January 24, 2025

    Trade VERSE/USDT on KuCoin to Earn your Share of $8400 in Rewards! | by Bitcoin.com | Jan, 2025

    January 24, 2025

    Boost Your Crypto: Up to 30% Cash Back! | by Bitcoin.com | Jan, 2025

    January 24, 2025
    Stay In Touch
    • Facebook
    • YouTube
    • TikTok
    • WhatsApp
    • Twitter
    • Instagram
    Latest Reviews

    Subscribe to Updates

    Get the latest tech news from FooBar about tech, design and biz.

    About Us

    Stay updated on the world of cryptocurrency
    Your one-stop source for daily crypto news and insights
    Blockchainecho.info: Your trusted daily crypto companion

    Most Popular

    🐍 Lunar New Year Scratch & Win Campaign Is Live with a Grand Prize of 8,888,888 VERSE (~$1800) | by Bitcoin.com | Jan, 2025

    January 24, 2025

    Trade VERSE/USDT on KuCoin to Earn your Share of $8400 in Rewards! | by Bitcoin.com | Jan, 2025

    January 24, 2025

    Boost Your Crypto: Up to 30% Cash Back! | by Bitcoin.com | Jan, 2025

    January 24, 2025
    Copyright © 2025
    • Home
    • Buy Now

    Type above and press Enter to search. Press Esc to cancel.