Bitcoin Price Prediction: “Extreme Fear” Hits As Arthur Hayes Sees BTC At $50K After US Jobs Report, But Experts Say This P2E SHIB Might Explode
The Bitcoin price dropped 1% in the last 24 hours to trade at $56,311 as of 00:23 a.m. EST on trading volume that tumbled 4% to $30 billion. The BTC price fell slightly below $56,000, sparking concerns among investors, before rebounding. The Crypto Fear & Greed Index slumped to 22, showing ”extreme fear” among investors. BitMEX co-founder Arthur Hayes added to the bearish narrative when he said he’s shorting Bitcoin and predicted BTC will plunge to $50k this weekend following the US jobs report today. $BTC is heavy, I’m gunning for sub $50k this weekend. I took a cheeky short. Pray for my soul, for I am a degen. — Arthur Hayes (@CryptoHayes) September 6, 2024 Such a prediction comes amid concerns about the sluggish U.S. economy and disappointing employment data. Bitcoin Price Bearish – A Bullish Trend Reversal Incoming? The Bitcoin price, as it coincides with the overall negative sentiment of the market, has been trading within the...