Arthur Hayes: Bitcoin Bull Market Started in February, $126K Next
- Bull Market Start: Arthur Hayes asserts in his latest blog that the Bitcoin bull market commenced in late February, primarily driven by massive government and corporate investments in AI infrastructure, military spending, and supply chain security, indicating a growing market confidence in Bitcoin as a non-sovereign asset.
- Macroeconomic Drivers: Hayes emphasizes that with the U.S. Federal Reserve and other central banks continuously injecting liquidity into the financial system, this trend of fiat credit expansion is expected to accelerate, further fueling Bitcoin demand and reflecting a declining trust in dollar-denominated assets.
- Price Targets and Investment Strategy: He believes Bitcoin will surpass $126,000, with a break above $90,000 likely to accelerate the rally, while his asset management firm, Maelstrom, has increased its portfolio risk exposure to the maximum level, showcasing strong confidence in Bitcoin.
- Outlook on Other Cryptos: Beyond Bitcoin, Hayes expresses particular optimism about NEAR Protocol, indicating its significant potential, which further underscores his positive outlook on the crypto market, although investors should remain cautious of market risks and regulatory changes.
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Technical Analysis for NEAR
Technical Sentiment Analysis for NEAR Protocol (NEAR). As of , NEAR Protocol (NEAR) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 3 indicators are flashing buy, while 2 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for NEAR 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, NEAR 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 $-.
NEAR Protocol (NEAR) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.86 | 1.059 | 1.294 | 1.493 | 1.728 | 1.927 | 2.162 |
| Fibonacci | 1.059 | 1.225 | 1.327 | 1.493 | 1.659 | 1.761 | 1.927 |
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