What’s Next After BTC Hits $87.8K?

Arthur Hayes Bitcoin Prediction Sees Bitcoin Rallying to $110K First

Bitcoin is at a critical juncture, with former BitMEX CEO Arthur Hayes reaffirming his bullish stance, predicting a massive price surge to $110,000. With institutional investors buying the pioneer currency at record highs and a major U. S. inflation report coming this Friday, the next couple of days could be crucial for the world’s largest cryptocurrency.

Arthur Hayes: Bitcoin Rally Driven by Federal Reserve Pivot

Arthur Hayes has long worked to secure Bitcoin for future growth, and his latest estimation put BTC at $110,000 (before a potential retest of $76,500), according to Hayes. The primary support — according to Hayes — will come from the Federal Reserve, which is expected to change from quantitative tightening (QT) to quantitative easing (QE) as its policy changes.

Hayes also dismissed concerns about Trump’s tariffs, calling the inflation that followed “transitory. ” And as Federal Reserve Chair Jerome Powell has said before, he has also noted that the coin probably has already bounced off its $77,000 bottom by the end of last week and is poised for a robust rebound.

Institutional Investors Fuel Bitcoin’s Uptrend

Institutional interest in BTC is rife with the continued rise and more of the latter, pushing upwards the bullish momentum. Recently Japanese investment firm Metaplanet acquired an additional 150 bitcoins worth $12.6 million. At the moment the company holds 3,350 bitcoins, valued at around $291.3 million. The firm has significant backers like Eric Trump and Michael Saylor, making Metaplanet a very noteworthy institutional Bitcoin investor

Since the First crytocurrency has gained 68% year to date, institutional demand and a more bullish macroeconomic picture could be reason enough to push BTC higher in the near term.

Bitcoin Network Activity Spikes as Transaction Fees Triple

BTC has some fantastic traffic on its network. Transaction fees have almost tripled this past week, which means even more use and demand.

But on-chain data, as well, shows another noteworthy decline in crypto king transfer volume, dropping from $87 billion to $42 billion over the past month.

This divergence also means that although network activity is high there might be large amounts of investors who are holding BTC instead of actively trading it — this could indicate bullishness and hope for a higher price.

Key Levels to Watch

Currently, The price is trading at $87,800 up $3.93% over the past 24 hours. Daily volume has increased by 140.45% to $ 21.95 billion. The current cap is near $1.74 trillion up by 4% in the past 24 hours.

Source: Coinmarketcap

As per Ali Key levels to watch:

• Support from $82,590 to $85,150, where 1.16 million investors bought 625,000 #BTC.

• Resistance, from $95,400 to $97,970 where 1.77 million buyers bought 1. 44 million $BTC.

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As per Coinglass data, The First crypto currency futures open interest up 10.22% to over $57.63 billion, plus $58.96 million in short liquidations, we have a pretty good bullish backlash going on.

Will Bitcoin Hit $110K Sooner Than Expected?

With all the institutional support and Federal Reserve policy change affecting the currency and strong market fundamentals looks set to break $110,000. As long as momentum holds and macroeconomic factors are aligned may break key support levels in the next step toward its next breakout.