- Arthur Hayes expects Bitcoin to reach $110K, driven by the Fed’s shift from QT to QE, despite concerns over tariffs and inflation.
- A rising US bank credit supply index hints at improving liquidity, potentially fueling Bitcoin’s next bullish leg.
- Bitcoin’s ascending triangle pattern signals a breakout toward $92K, with strong support reinforcing its bullish structure.
Former Bitmex CEO Arthur Hayes is bullish on Bitcoin’s trajectory. He predicts BTC will hit $110K before testing $76.5K. The Fed’s change from quantitative tightening (QT) to quantitative easing (QE) for treasuries is the reason for this, according to Hayes. He also downplays the effect of tariffs, pointing out that inflation is still temporary. His observations point to a possible Bitcoin bull run.
Bank Credit Supply Signals Potential Uptrend
Hayes also points to his custom US bank credit supply index, which is trending higher. The index, .BANKUS U, closed at 6.8599 million on March 20, 2025, showing stability from the previous session. However, It is a 2.60% drop from 7.043 million during the previous 12 months. On April 10, 2024, the highest recorded point was 7.2025 million, and on January 1, 2025, the lowest was 5.9884 million.
The index fluctuated throughout the year, with sharp drops followed by rebounds. A recovery in early 2025 pushed the index towards 6.9 million, signaling a potential credit expansion. Short-term volatility remains, but the recent upward movement suggests improving market conditions. If this trend continues, liquidity conditions may favor a bullish Bitcoin market.
Technical Indicators Show Bitcoin’s Upward Momentum
Crypto analyst Quinten Francoise highlights a key breakout pattern on Bitcoin’s four-hour chart. The price is moving within an ascending triangle, forming higher lows while pushing against resistance. Currently, BTC is trading near $87,531, with a key resistance zone at $88,000.
The projected breakout pattern suggests a move toward $92,000 in the near term. The price is following a structured pattern, consolidating before each upward move. Dynamic support from the ascending trendline reinforces this bullish structure.
Bitcoin has rebounded multiple times from this trendline, confirming strong demand at lower levels. If the breakout plays out, the next major resistance level stands at $91,773. Market analysts are closely monitoring this level, as a breach could open the doors to further gains.
