BitMEX Co-Founder Arthur Hayes Asserts US Data Indicates a Significant Bull Market for Cryptocurrencies
Hayes' Bullish Prediction: BitMEX co-founder Arthur Hayes believes that cryptocurrency markets will become bullish again as the US Treasury Department's General Account (TGA) balance approaches $850 billion, suggesting that once liquidity is drawn, only upward movement can follow.
Mixed Reactions: Hayes' optimistic view has faced skepticism, with some analysts arguing that net liquidity has little correlation with cryptocurrency prices, and others criticizing his claims as misleading, stating that the end of the TGA does not equate to new liquidity entering the market.
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Technical Analysis for MAJOR
Technical Sentiment Analysis for Major (MAJOR). As of , Major (MAJOR) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 11 technical signals, shows that 5 indicators are flashing buy, while 6 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for MAJOR 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, MAJOR 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 $-.
Major (MAJOR) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00432 | 0.0318 | 0.0475 | 0.075 | 0.0907 | 0.118 | 0.134 |
| Fibonacci | 0.0318 | 0.0483 | 0.0585 | 0.075 | 0.0915 | 0.102 | 0.118 |
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