Arthur Hayes: AI as the Biggest Threat to Bitcoin
- Limited Geopolitical Impact: Arthur Hayes argues that the Iran-Israel tensions have minimal market impact, with the real disruptive changes stemming from artificial intelligence's effects on the labor market, indicating that investors should focus on technological transformations rather than short-term geopolitical events.
- Oil Prices and Market Reaction: Hayes notes that despite oil prices remaining at $110-120 per barrel, the continued flow of oil through the Strait of Hormuz triggered a market relief rally, demonstrating that market attention is more on commodity flow than on humanitarian crises.
- AI-Induced Layoff Risks: He warns that AI enables companies to accomplish more with fewer employees, leading to layoffs in high-salary positions such as engineers and lawyers, which will create significant deflationary pressure on the banking system and impact overall economic stability.
- Bitcoin's Future Challenges: Hayes believes that central banks are not printing enough money to offset the deflationary effects caused by AI, making it difficult for Bitcoin to surpass the $100,000 mark, suggesting that a financial catastrophe could trigger a surge in Bitcoin prices as central banks revert to massive money printing.
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Technical Analysis for AI
Technical Sentiment Analysis for Sleepless AI (AI). As of , Sleepless AI (AI) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 1 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for AI stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, AI is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Sleepless AI (AI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0144 | 0.016 | 0.0178 | 0.0194 | 0.0212 | 0.0228 | 0.0246 |
| Fibonacci | 0.016 | 0.0173 | 0.0181 | 0.0194 | 0.0207 | 0.0215 | 0.0228 |
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