Hayes Predicts Fed Intervention in Yen Markets Could Boost Bitcoin Prices
- Fed Intervention Theory: In a blog post, Hayes proposed that the Federal Reserve might intervene in the yen market by creating dollars to purchase Japanese government bonds, which could stabilize both the currency and bond yields, potentially driving Bitcoin prices higher if proven correct.
- Exit from Leveraged Positions: Hayes has exited his leveraged positions in Strategy and Metaplanet, both of which hold Bitcoin as a treasury reserve asset, reflecting his cautious stance amid market volatility until his theory is validated.
- Liquidity and Bitcoin Correlation: He noted that Bitcoin prices typically rise alongside Fed balance sheet expansion, suggesting that if the Fed prints dollars to buy yen and JGBs, it would increase global dollar liquidity, historically correlating with rising cryptocurrency prices.
- Monitoring Market Dynamics: Hayes plans to monitor the Fed's H.4.1 report, particularly the
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Technical Analysis for BTC
Technical Sentiment Analysis for Bitcoin (BTC) As of , Bitcoin (BTC) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BTC 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 stock.
Support, Resistance & Moving Averages From a structural perspective, BTC 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 $-.
Bitcoin (BTC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 36466.231 | 48233.115 | 61201.981 | 72968.865 | 85937.731 | 97704.615 | 110673.481 |
| Fibonacci | 48233.115 | 57682.172 | 63519.809 | 72968.865 | 82417.922 | 88255.559 | 97704.615 |
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