BitMEX founder Arthur Hayes seems more optimistic about 2026. As a guest on Tom Bilyeu's Impact Theory program, Hayes stated that by 2026,The price of Bitcoin may reach $750000 to $1 million
BitMEX founder Arthur Hayes seems more optimistic about 2026. As a guest on Tom Bilyeu's Impact Theory program, Hayes stated that by 2026,The price of Bitcoin may reach $750000 to $1 million. He believes that the continuous printing of money by the US government to avoid a financial crisis will trigger a bull market in many tokens. Although many analysts have a positive view on the long-term outlook, uncertainty still exists due to various short-term challenges.
BitcoinFound support after falling below the 20-day moving average of $27227 on October 11th. This may indicate that bears are trying to gain control. The next noteworthy support level is the 50 day simple moving average of $26615. Falling below this level may indicate that investors are eager to exit. The BTC/USDT currency pair may fall to $26000 and ultimately retest the support level of $24800.
If the price of cryptocurrency rebounds from the 50 day moving average, bulls may try to push the price above the 20 day moving average. This may open the door for the price to rise to $28143. The flat 20-day moving average and the relative strength index (RSI) slightly below the midpoint may indicate that there may be range fluctuations in the near future.
In the past two days,Ethereum has found a buyer near the support level of $1531, which may be a positive signal.This indicates that the price may continue to fluctuate between $1531 and $1746 for a period of time. The positive deviation of the ETH/USDT currency pair may indicate a decrease in selling pressure around $1531. This may trigger a easing rebound towards the 20 day moving average of $1619. If the price of ETH drops from this level, bears may try again to push the currency pair below $1531 and begin to fall to $1368.
On the contrary, an increase above the moving average may indicate strong accumulation at a lower level. Subsequently, the currency pair may attempt to rise to $1746. Bulls may find it difficult to surpass this level, but if they succeed, the currency pair may climb to $1961.
Disclaimer: The content of this article is sourced from the internet. The copyright of the text, images, and other materials belongs to the original author. The platform reprints the materials for the purpose of conveying more information. The content of the article is for reference and learning only, and should not be used for commercial purposes. If it infringes on your legitimate rights and interests, please contact us promptly and we will handle it as soon as possible! We respect copyright and are committed to protecting it. Thank you for sharing.(Email:[email protected])
