Bitcoin: Why now is a perfect ‘buying opportunity,’ per execs

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Arthur Hayes of BitMEX remains bullish on the market's upward trajectory, while Josh Olszewicz takes a more bearish stance.

halving has been the talk of the town for quite some time, and now, with the recent volatile price trajectory, conversations about its future have resurfaced.“I think that we’re kind of being fooled by the April turmoil and I think that’s why it’s a buying opportunity for both Bitcoin and stocks now.”This underlined Hayes’s confidence in Bitcoin and the overall crypto market, despite regulatory concerns and the current volatile price condition.

“So end of the year, I think we’re going to be between $70k to $100k on the price of Bitcoin end of 2024.”Olszewicz uses the Ichimoku Cloud indicator to analyze Bitcoin’s trend, which is currently bearish, with Bitcoin below the cloud acting as a barrier.“Watch for iHS + cloud breakout this week if momo continues.”Ishika is a graduate of Political Science from the University of Delhi.

Source: News Formal (newsformal.com)

 

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