Table of Contents:
Arthur Hayes Predicts Bitcoin Correction Before Major Surge
According to CoinDesk, Arthur Hayes anticipates a significant correction in Bitcoin's price before it embarks on an upward trajectory. The cryptocurrency recently fell below $28,000, marking nearly a 10% drop from its all-time high of $31,000. Concerns about China's DeepSeek AI model competing with U.S. industries have contributed to this decline. James Van Straten highlights that if Bitcoin falls under the short-term holder cost basis of approximately $25,000—a level indicating support during bull markets—the current bullish trend could be tested further.
Poland Surpasses El Salvador in Global Bitcoin ATM Rankings
Cointelegraph reports that Poland has overtaken El Salvador as the fifth-largest hub for Bitcoin ATMs worldwide by reaching 219 active machines after adding ten new installations on January 27th alone. This growth is part of a four-month installation spree beginning October 2023 and reflects increasing local interest despite global regulatory concerns over potential misuse for money laundering or terrorism financing.
Bitcoin Traders Face Volatility Amidst Market Fluctuations
The Daily Hodl discusses how traders are being challenged by false breakdowns within the market cycle, which test their conviction levels regarding holding onto assets like BTC through downturn periods until they resume rising again later. According to Rekt Capital’s analysis shared via social media platform X, these patterns occur frequently throughout history whenever prices dip temporarily, only to bounce back stronger given enough time. This consistently proves true across multiple instances, as observed and widely accepted among experts.
Sources:
- Arthur Hayes Sees BTC Falling to $70K Before Recovering to $250K
- Poland overtakes El Salvador in global Bitcoin ATM count
- Bitcoin heavy also
- Bitcoin Wallets Holding 100 to 1,000 BTC Hit Record High - "The Defiant"
- Bitcoin Tricking Traders With Fake Breakdowns Before Resuming Parabolic Phase: Rekt Capital
- Bitcoin Slips as Traders Take Profits After Trump’s Crypto Order
