Krutika Adani
BitMex co-founder and former CEO Arthur Hayes has urged the markets to buy Bitcoin, which, according to him, is in a very sweet spot.
The Bitcoin advocate says the top crypto is in a dip, i.e., an accumulation zone.
According to Hayes, the BOJ’s decision not to raise interest rates is positive for Bitcoin.
At press time, Bitcoin had crossed a resistance at $60k. The daily charts also show the formation of a bullish Three White Soldiers pattern.
If Bitcoin's price sustains above $60k, it might soon reattempt its $70k target this month. On the downside, $55k seems to be strong support for BTC.