{"id":561900,"date":"2020-06-02T18:15:07","date_gmt":"2020-06-02T16:15:07","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=561900"},"modified":"2020-06-02T18:37:56","modified_gmt":"2020-06-02T16:37:56","slug":"arthur-hayes-bitcoins-btc-rally-aint-real-until-we-take-out-15k","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/arthur-hayes-bitcoins-btc-rally-aint-real-until-we-take-out-15k\/","title":{"rendered":"Arthur Hayes: Bitcoin’s (BTC) Rally Aint Real Until We Take Out $15k"},"content":{"rendered":"
In brief:<\/strong><\/p>\n At around the time the daily candle closed yesterday, Bitcoin<\/a> experienced a magnificent push from around $9,700 to $10,383 (Binance rate) in a matter of minutes. The King of Crypto then proceeded to cool down to levels around $10,100 where it traded sideways before dumping hard to $9,266 less than 24 hours after the rally above $10,000 begun. This move of up-sideways-down is often referred to as the Bart Simpson pattern as can be seen in the rough sketch below.<\/p>\n <\/a><\/p>\n Before Bitcoin took its massive fall to $9,266, the Co-Founder and CEO of Bitmex, Arthur Hayes, had tweeted that he does not feel like the rally above $10,000<\/a> was a real rally. According to Mr. Hayes, Bitcoin needed to break $15,000 for it to be a true Bull season. His tweet can be found below.<\/p>\n The basis is starting to get juicy. It sure beats earning 0% at the bank, thanks Jay. But this rally ain\u2019t real until we take out $15k. pic.twitter.com\/8nLXodzipp<\/a><\/p>\n — Arthur Hayes (@CryptoHayes) June 2, 2020<\/a><\/p><\/blockquote>\n\n
Arthur Hayes: Bitcoin’s (BTC) Rally Aint Real Until We Take out $15k<\/h2>\n
\n