- Arthur Hayes says Bitcoin found its floor.
- He means that BTC could have bottomed at $80,000 last week.
- Could this mean a relief rally coming for the crypto market.
The price of Bitcoin (BTC) just reclaimed its $90,000 price, triggering hope for a price recovery, and possibly even a relief rally. This reclamation of a higher price has now led many analysts to believe that Bitcoin might swing bullish again. Amidst the shifting sentiments, BitMEX co-founder, Arthur Hayes says Bitcoin found its floor, meaning BTC bottomed at $80,000 last week.
Arthur Hayes Says Bitcoin Found Its Floor
The pioneer crypto asset, Bitcoin (BTC), has been trading in the $80,000 price range since its steep decline to 6-digit prices earlier this quarter. Since then, the price of BTC has been dwindling to much lower prices, and analysts have called the bear market to have begun. Thus, especially over the last week, the price of BTC went as low as to trade in the lower $80,000 price range.
Only today did the price of BTC finally reclaim the $90,000 price range after steadily climbing up over the course of this week. In contrast to the bearish call mentioned above, other analysts believe that BTC was in another massive correction phase and were hoping to see the asset bottom. That time may have already occurred when the price of BTC dipped to the lower $80,000 price range.
As we can see from the post above, this is an opinion being held by even reputed crypto figures and leaders. To highlight, Arthur Hayes says Bitcoin likely bottomed at $80,000 last week, and expects it to hold above that level as US liquidity conditions start improving. He recently shared that the Fed ends QT on Dec 1, meaning this Wednesday is likely the last drop in the Fed’s balance sheet.
Additionally, Hayes sheds light on the fact that US banks increased lending in November, injecting fresh liquidity. All in all, Hayes sees the macro tide turning and believes that BTC is ready to build higher from here. Responses to the post show mixed expectations, as not everyone agrees with Hayes. Some say bearish times will continue unless a heavy flood of liquidity flows in hard.
Could BTC Have Bottomed at $80,000 Last Week?
Meanwhile, bullish expectations have some analysts stating that the price of BTC can recover up to the $100,000 to $110,000 price range before either surging to a new ATH price in the $130,000 to $140,000 price range, or that it could simply drop once again, allowing Bitcoin Dominance to relinquish to altcoins, finally triggering the long-awaited altseason peak price pump.

