BitMEX Founder Arthur Hayes Predicts Bitcoin (BTC) Will Resist Selling Pressure and Hold $76.5k Until the US Tax Deadline

BitMEX founder Arthur Hayes predicts that if Bitcoin can resist selling pressure and hold at $76.5k until the U.S. tax deadline on April 15, the market might stabilize.

BitMEX founder Arthur Hayes is known for his bold predictions, and recently he shared his thoughts on the crypto market in typical blunt fashion.

If Bitcoin can resist selling pressure and hold at $76.5k until the U.S. tax deadline on April 15, then the market might stabilize, he claimed.

However, also stated that the market usually reacts poorly to “Liberation day”, which is a time when people celebrate being free from something.

He also advised traders to be cautious and avoid loss at the time of this volatility.

However, not all share the same sentiment. According to Michael Van de Poppe, another well known trader, Liberation Day could act as the ” ultimate trigger” for Bitcoin to break above $87K, propelling the token to new ATH.

Recently, Trump labelled April 2 as “Liberation Day,” in an effort to rally support for his administration’s agenda.

The President asserted that this day will witness the U.S. becoming free from its dependence on foreign goods, thanks to the efforts of the Trump administration.

His administration has been pushing the boundaries of global trade with its strategy to impose ‘reciprocal tariffs.’ This move is designed to counter the duties that other countries place on American products.

For the crypto market, analysts say it’s a recipe for volatility at least in the short term, and risk may be underestimated. Some predict BTC to fell to $75k but could reach $120k by the fourth quarter of this year.

“Short-term, BTC might dip to $75k with market jitters, but by Q4, expect $100k-$120k as Trump’s pro-crypto moves—like picking David Sacks as ‘crypto czar’ and eyeing Bitcoin reserves—kick in. Tariffs shred globalist trade, paving the way for decentralized wealth. Long-term? BTC could hit $150k by 2026 as the dollar fades.”

While there is a market consensus for price fluctuations in the near-term, this dip could present an opportunity to buy Bitcoin at a lower price for long-term gains. Experts advise monitoring the BTC funding rate. A shift to negative rates could indicate a buying opportunity.

In cryptocurrency futures trading, funding rates are periodic payments exchanged between traders based on the difference between the perpetual contract price and the spot price.