Arthur Hayes, former CEO of crypto change BitMEX, stated in his newest essay early Friday that bitcoin has doubtless bottomed at this week’s lows of $56,000, however warned traders to anticipate a gradual climb as a substitute of a swift restoration to the March highs as markets will cool for the following few months. “Did bitcoin hit an area low […] earlier this week,” requested Hayes. “Sure,” he concluded. “I anticipate costs to backside, chop, and start a gradual grind larger.”
