Bitcoin opened the week with strength, recording gains exceeding 3% to reach about $87,705, its highest level in over three weeks, reigniting a wave of optimism among investors and analysts.
In this context, Arthur Hayes, the founder and former CEO of the BitMEX platform, warned that these increases might represent the last opportunity to buy Bitcoin for under $100,000, pointing to the potential for significant price breakthroughs in the upcoming period.
Bullish Expectations from Market Experts The optimism expressed by Hayes aligns with the forecasts issued by economist Timothy Peterson, who anticipated that the price of Bitcoin could reach $138,000 within three months, based on the behavior of the digital currency following rising bond yields in previous periods. According to his analysis, the current economic conditions resemble those seen when Bitcoin experienced an average quarterly gain of 31%.
Uncertainty in Federal Policies... Expected Moves Threaten the Dollar Markets are awaiting statements this week from eight officials at the U.S. Federal Reserve, amidst increasing political pressure, including calls from President Donald Trump to oust Federal Reserve Chair Jerome Powell. Market forecasts indicate a possible interest rate cut in June, a scenario that could weaken the dollar and enhance the appeal of high-risk assets, primarily Bitcoin.
Technical Warnings of Imminent Corrections... The Critical Level at $91,000 Despite the current upward trend, prominent analyst Michael van de Poppe warned that weekend movements could be "misleading," adding via the X platform: "It is likely that we will see a price correction before any real breakthrough occurs. If that happens, we will be on the verge of a new all-time high."
In this context, data from CryptoQuant has identified the $91,000 level as the key technical battleground, indicating that a continued price fluctuation below it could put short-term investors — especially those who entered the market over the past six months — in a tense situation, increasing the likelihood of a sudden selling pressure.
