Bitcoin is poised to hit a new all-time high of $110,000, according to market analysts, fueled by easing inflation and increased global liquidity. The cryptocurrency has seen a bullish trend, closing above $86,000 on March 23. Arthur Hayes, co-founder of BitMEX, predicts a surge to $110,000, citing the Federal Reserve’s shift from quantitative tightening to quantitative easing. The move is expected to boost Bitcoin’s price, with historical data showing a positive correlation between QE and Bitcoin’s value. Analysts anticipate a similar surge to the one witnessed in 2020, when Bitcoin soared over 1,000% to reach $69,000. Emmanuel Cardozo, a market analyst at Brikken, sees Bitcoin’s recovery above $85,000 post-FOMC meeting as a positive indicator for further growth. Hayes’ prediction of hitting $110,000 is supported by technical factors, although resistance at $88,000 remains a challenge. Global liquidity, discussions of a US Bitcoin strategic reserve, and decreasing BTC liquidity on exchanges are factors contributing to Bitcoin’s potential rally. While a correction to $76,500 is possible due to historical volatility, analysts are optimistic about Bitcoin’s upward trajectory. For more insights and analysis on Bitcoin’s price movement and trends, stay tuned for further updates.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin is poised to hit a new all-time high of $110,000, according to market analysts, fueled by easing inflation and increased global liquidity. The cryptocurrency has seen a bullish trend, closing above $86,000 on March 23. Arthur Hayes, co-founder of BitMEX, predicts a surge to $110,000, citing the Federal Reserve’s shift from quantitative tightening to […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[25],"tags":[],"aioseo_notices":[],"featured_image_urls":{"full":"","thumbnail":"","medium":"","medium_large":"","large":"","1536x1536":"","2048x2048":""},"author_info":{"display_name":"","author_link":"https:\/\/vanillanews.com\/index.php\/author\/"},"category_info":"JUST IN<\/a>","tag_info":"JUST IN","comment_count":"0","_links":{"self":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/posts\/81619"}],"collection":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/comments?post=81619"}],"version-history":[{"count":0,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/posts\/81619\/revisions"}],"wp:attachment":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/media?parent=81619"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/categories?post=81619"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/tags?post=81619"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}