Just In: Arthur Hayes Sets Long-Term Bitcoin Price Target

Monicah W

Just In: Arthur Hayes Sets Long-Term Bitcoin Price Target

BitMEX founder Arthur Hayes has recently conveyed a highly bold prediction for Bitcoin price, predicting it to hit $1 million in a few years. Speaking at the TOKEN2049 event in Dubai, Hayes outlined a potential timeline for such a bullish feat to occur, sending shockwaves across the crypto sector. Notably, BTC price is currently trading at the $95K level, showcasing bullish strength after a market turmoil witnessed at the beginning of this year.

BitMEX’s Arthur Hayes Predicts Bitcoin Price To Hit $1M; Here’s When

BitMEX founder Arthur Hayes has predicted that Bitcoin price will hit $1 million by 2028 during his speech at TOKEN2049. Primarily, he believes that if the U.S. increases dollar liquidity through measures that are similar to quantitative easing, cryptocurrency prices could leverage a significant surge.

For context, increased dollar liquidity could mean more money flowing into risk assets such as BTC. In response, the market could see the flagship coin gain substantially, with Hayes believing that $1 million is in BTC’s grasp.

Besides, the current broader market uncertainty remains primarily attributable to Trump’s push for high tariff policies, although the tariffs have been delayed for 90 days, per Arthur Hayes. Even Fed Chair Jerome Powell may be reluctant to intervene directly, he stressed looking at the current market landscape. This could pave the way for short-term price volatility.

BTC price is currently trading at the $94K level, consolidating over the week after a market turmoil caused due to Trump’s tariff flip-flopping. Yet, the flagship crypto remains much-eyed by traders and investors globally amid such bold predictions.

Bullish Factors In Play

Coinglass data further indicated that BTC futures OI remained above the $60 billion mark, an optimistic dynamic underscoring heightened market interest. This stat has added to sentiments of a bull run looming for the flagship coin right ahead.

In addition, a Bitcoin price prediction by CoinGape also revealed that bulls remain dominant over the token at the moment, as per the 3-month bias indicator. However, this prediction has highlighted that the max target for 2028 remains $148K, a level substantially below Arthur Hayes’ forecast.

In conclusion, broader market sentiments revolving around the coin’s long-term prospects remain bullish amid strong dynamics, although the exact target for 3 years down the line remains speculative.

Subsequently, it’s also worth keeping in mind that the next BTC halving will take place in 2028, another bullish aspect when considering future movements.

The post Just In: Arthur Hayes Sets Long-Term Bitcoin Price Target appeared first on CoinGape.

Related Posts

Hedera (HBAR) Surges 8% With Momentum Indicators Flashing Bullish

Hedera (HBAR) is on the move, climbing more than 8% on Friday and extending its seven-day gains to an impressive 21.7%. This rally comes alongside rising momentum signals, including a surging BBTrend and an RSI that has pushed into overbought territory.

Price is also nearing a key resistance zone, backed by bullish EMA alignment that suggests the uptrend may still have room to run.

Hedera’s BBTrend Is Soaring – What Does it Mean?

Hedera’s BBTrend indicator has surged to 6.83, up sharply from just 1.5 two days ago. This jump signals a significant increase in volatility and momentum in the price action.

BBTrend, short for Bollinger Band Trend, is a metric derived from Bollinger Bands that measures the strength and direction of a trend. Values below one typically reflect a weak or flat market, while values above 3 indicate the emergence of a strong trend.

A sudden rise in BBTrend often suggests that the asset is transitioning out of a low-volatility phase and entering a more directional move.

HBAR BBTrend.
HBAR BBTrend. Source: TradingView.

With BBTrend now at 6.83, Hedera may be in the early stages of a strong bullish or bearish breakout. Such elevated levels suggest that volatility is expanding quickly, and price is starting to move decisively away from its recent range.

While BBTrend doesn’t indicate direction on its own, when combined with other bullish signals, like rising price or volume, it can confirm the start of a sustained uptrend.

Traders will watch closely to see if this momentum continues or fades, as a reversal from such elevated levels could also lead to sharp pullbacks.

Hedera RSI Enters Overbought Zone—What Comes Next?

Hedera’s RSI has climbed quickly to 73.93, up from 52.49 two days ago, signaling a strong burst of buying momentum. The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and magnitude of price movements.

It ranges from 0 to 100, with values above 70 typically considered overbought and those below 30 seen as oversold.

An RSI rising above 70 suggests that the asset may be overheating in the short term and could be due for a cooldown or consolidation.

HBAR RSI.
HBAR RSI. Source: TradingView.

With RSI now well into overbought territory, Hedera may be nearing a local top—at least temporarily. While a high RSI confirms strong bullish momentum, it can also signal that buyers are becoming exhausted.

If the price continues to rise without a pause, the risk of a pullback increases.

On the other hand, sustained overbought conditions can also occur during strong uptrends, so that traders will watch closely for either continued breakout strength or signs of reversal.

Hedera Nears Breakout—But Support Levels Are Key

Hedera’s EMA lines show a bullish alignment, with short-term moving averages positioned above the long-term ones—a classic signal of upward momentum.

HBAR price is also trading near a key resistance level at $0.20, which has acted as a ceiling in recent sessions. If buyers can push the price through this zone, the next resistance levels to watch are $0.227 and $0.258.

A strong uptrend continuation could even send HBAR to $0.287, marking its first break above $0.28 since February 1.

HBAR Price Analysis.
HBAR Price Analysis. Source: TradingView.

However, traders should also monitor the downside risk. If the support at $0.179 is tested and fails, it could trigger a deeper pullback.

In that case, HBAR may slide to $0.16 and possibly $0.152, both of which have served as prior support zones.

If bearish momentum accelerates, a drop toward $0.124 isn’t out of the question, making the current levels a critical battleground for short-term direction.

The post Hedera (HBAR) Surges 8% With Momentum Indicators Flashing Bullish appeared first on BeInCrypto.

3 Token Unlocks for the Fourth Week of April

Token unlocks have the power to move markets. They inject fresh liquidity, trigger price swings, and influence investors’ feelings about a project. During these events, projects release previously locked tokens, making them available for public trading.

This week, three major projects are stepping into the spotlight—Scroll (SCR), Plume Network (PLUME), and Altlayer (ALT)—as they prepare to release a wave of tokens into circulation.

Scroll (SCR)

Unlock Date: April 22

Number of Tokens to be Unlocked: 40 million SCR (4% of Total Supply)

Current Circulating Supply: 190 million

Total supply: 1 billion SCR

Scroll is a Layer 2 solution that boosts Ethereum’s scalability and efficiency. It uses zkRollup technology to lower transaction costs and increase throughput, helping ease issues like high gas fees and congestion.

On April 22, 40 million SCR tokens, valued at about $9.2 million, will be unlocked. This unlock could introduce added liquidity to the market and maybe renewed interest in Scroll.

Scroll Token Unlock. Source: Cryptorank.
Scroll Token Unlock. Source: Cryptorank

Plume Network (PLUME)

Unlock Date: April 21

Number of Tokens to be Unlocked: 108.34 million PLUME (1.08% of Total Supply)

Current Circulating Supply: 2 billion

Total supply: 10 billion Plume

Plume Network is a Layer 1 blockchain that brings real-world assets onto the chain. From fine art to green energy, it enables diverse asset-backed investments with fast, low-cost transactions. The network seamlessly integrates these assets into a composable RWAfi ecosystem, enhancing their utility and enabling broader financial interactions.

The April 21 unlock will consist of over 108 million PLUME tokens valued at about $17.82 million at press time. Early backers and contributors will receive the majority of these tokens, while the team will allocate 7% for a community airdrop.

Plume
PLUME Token Unlock. Source: Cryptorank

AltLayer (ALT)

Unlock Date: April 25

Number of Tokens to be Unlocked: 240.80 million ALT (2.41% of Total Supply)

Current Circulating Supply: 3.03 billion

Total supply: 10 billion ALT

AltLayer is a project focusing on enhancing blockchain scalability through Restaked Rollups. It uses “Restaked Rollups,” integrating existing rollup stacks like OP Stack and Arbitrum Orbit with EigenLayer’s restaking mechanism for improved security and decentralization.

On April 25, AltLayer will unlock 240 million ALT tokens, releasing approximately $6.5 million worth into the market. This unlock could introduce added liquidity to the market and maybe renewed interest in Altlayer. The network will allocate the majority of these tokens to the Foundation, and for protocol development.

Altlayer
ALT Token Unlock. Source: Cryptorank

Similarly, other token unlocks for this week include Orbiter Finance (OBT) and Hatom (HTM) on April 20 and ZND on April 24.

The post 3 Token Unlocks for the Fourth Week of April appeared first on BeInCrypto.