Arthur Hayes, co-founder of BitMEX and Chief Investment Officer at Maelstrom, has shared a sobering outlook for Bitcoin. He warned that the current bearish momentum could result in Bitcoin’s price plummeting to as low as 70,000 dollars. This prediction follows Bitcoin’s dip to a three-month low of 88,273 dollars, the lowest since mid-November. Analysts are debating potential factors that could influence Bitcoin’s trajectory in the short term, urging investors to stay vigilant about market behaviors.

As the market faces challenges, Hayes’ predictions place Bitcoin under increasing scrutiny. Investors are urged to exercise caution and remain informed as they navigate this volatile landscape, paying close attention to market trends that might impact Bitcoin’s pricing further in the coming days.