Bitcoin Will ‘Exit Sideway-Downward Trajectory’ in September According to Arthur Hayes

Monday, 12 August 2024, 17:00

Bitcoin will exit the sideway-downward trajectory this September, as projected by Arthur Hayes. The anticipated liquidity boost could significantly impact Bitcoin and altcoins, potentially triggering a long-awaited altcoin season. However, Hayes notes that an official alt season may still be delayed.
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Bitcoin Will ‘Exit Sideway-Downward Trajectory’ in September According to Arthur Hayes

Bitcoin is poised to exit its sideway-downward trajectory, as forecasted by Arthur Hayes. The liquidity expected in September might not only enhance Bitcoin's position but also provide a significant boost to altcoins. This development could lead to the occurrence of an altcoin season, which many investors are eager to witness. Nevertheless, a complete alt season might take additional time to materialize, underlining the need for caution in the crypto market.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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