Arthur Hayes predicts BTC may retest $78K, eyes $75K as potential next target

In a recent update on X, BitMEX co-founder Arthur Hayes commented on a challenging start to the week for Bitcoin (BTC). He forecasted that BTC might revisit the $78,000 mark. Should this level not hold, the next target could be $75,000. Hayes noted that a considerable amount of options open interest is clustered between $70,000 and $75,000, indicating that a move into this territory could trigger sharp price fluctuations. Last month, Hayes noted that BTC could fall to a range of $70,000–$75,000 if U.S. President Trump is unable to secure approval for his budget.