Arthur Hayes Warns Bitcoin (BTC) Holders to Watch $76500 Support Level

Former BitMEX CEO Arthur Hayes has once again made the headlines with his Bitcoin prediction. This time, Hayes has issued a warning

Arthur Hayes, the former CEO of BitMEX, has once again entered the crypto sphere with his insights. This time, Hayes is warning about Bitcoin’s upcoming trajectory.

In an April 3 post on X, previously Twitter, Hayes expressed his concern over Liberation Day, which might have brought further instability to the market. He highlighted that $76,500 will be a key Bitcoin support level to watch until April 14, the U.S. tax filing deadline.

“Mrkt no likey "Liberation Day", if $BTC can hold $76.5k btw now and US tax day Apr 15, then we are out of the woods. Don't get chopped up!”

Several investors agreed with Hayes’ statement and stated that it is better to be safe than sorry. They also added that the days leading up to tax day have seen price shakeups in the cryptocurrency market, which might be why Hayes is making this statement.

Earlier this week, Hayes linked the current volatility to broader economic factors. In his April 1 blog post titled ‘The BBC’, Hayes asserted that Federal Reserve Chair Jerome Powell may soon be compelled to resume quantitative easing (QE).

“The Fed and U.S. Banks will have to step in as buyers of last resort for Treasuries,” a situation which he believes would benefit risky assets like Bitcoin by improving liquidity in the market.

Looking beyond the immediate challenges, Hayes has remained bullish on Bitcoin’s long-term growth. He predicts that Bitcoin could reach $250,000 by the end of 2025, driven by economic developments and increasing global liquidity. Comparing Bitcoin’s potential reaction to QE with gold’s performance during the 2008-2009 financial crisis, Hayes anticipates a delayed but dramatic price growth for the digital asset.

As bullish sentiments reign supreme, let’s take a look at what Bitcoin’s performance has been like to form a BTC price prediction for today.

BTC Price Analysis: Bitcoin Battles to Stay Above $80K

Over the past 24 hours, Bitcoin has shown some promise for a comeback soon. But it has failed to take advantage of the periodic bullish pressures. The coin began with a price of $85,200, looking for gains. The day began with a downward slope to $83,941 by 6:00 UTC. However, a notable golden cross propelled Bitcoin to $85,241, just over its starting price. With overbought conditions in the market, Bitcoin faced strong bearish pressure, but was held by the $84,874 support. Upward pressure followed, but the coin failed to break the $85,500 resistance in its initial attempts.

Chart 1: analyzed by raodevansh18, published on TradingView, April 3, 2025.

However, at 13:30, a momentous golden cross formed, driving Bitcoin to $87,300 by 15:30 UTC. The RSI reported overbought conditions at this point. Appropriately, a death cross formed and the BTC price weakened, reaching $86,200. At 20:00, a golden cross and death cross appeared in quick succession, bolstering Bitcoin skyward to $88,500, but pulling it down to $82,893 right after. Since midnight, Bitcoin has climbed to $83,800. Since then, it has been consolidating around the $83,500 mark.

BTC Price Prediction: Will the $83,000 Support Hold Bitcoin?

Bitcoin was able to break the $88,000 resistance, although for just a moment. But the price correction after that spike has been severe. Even now, as Bitcoin lingers around the $83K mark, it seems to lack any sustained buying pressure. This simply points to the probability that Bitcoin will abandon its current support and look for another close below. An appropriate Bitcoin prediction from the bullish momentum would be to help the coin hold close to the $85,000 point in the second half of the day.