According to Arthur Hayes, Bitcoin can hold $80,000.

Arthur Hayes, one of the leading names in the cryptocurrency market, made noteworthy predictions regarding the price of Bitcoin (BTC) in his recent evaluations. Hayes pointed out a slight improvement in market liquidity and expressed that Bitcoin may test levels below $90,000. However, he emphasized that he believes the $80,000 level will serve as a strong support.

Considering the potential for the Federal Reserve to halt quantitative tightening in December and the increase in credit volumes of U.S. banks in November, Hayes conducted an analysis of the current market dynamics. In this analysis, he indicated that Bitcoin may potentially fall below $80,000, but that this level would remain as a support point.

According to Hayes' predictions, making small purchases during this period may be reasonable for investors. However, he stressed that it would be more appropriate to wait for the new year for a larger move. In response to a question about whether interest rate cuts will occur in December, Hayes stated that it is not the interest rates but the amount of credit that is critical for the markets. In this context, Hayes made a vital reminder that during the process where Bitcoin rose from $16,000 to $100,000, interest rates were much higher and under similar conditions, Bitcoin could reach new peaks.

As a result, the most important levels for investors to consider will be between $80,000 and $90,000. It is crucial for investors to closely monitor the market and act cautiously at these critical levels.