OneStream's 15min chart triggers Bollinger Bands Narrowing, Bearish Marubozu

Based on OneStream's 15-minute chart, the Bollinger Bands have narrowed and a bearish Marubozu pattern has emerged at 05/02/2025 14:30. This suggests that the magnitude of stock price fluctuations is decreasing, indicating a loss of momentum, and that sellers are currently in control of the market. Consequently, it is likely that bearish momentum will continue.

Arthur Hayes, the co-founder of BitMEX, has stirred the crypto community with his prediction that Bitcoin could reach $1 million by 2028. His forecast is based on the anticipated U.S. liquidity policies, such as quantitative easing (QE), which he believes will be a significant catalyst for Bitcoin's price increase [1].

Hayes argues that the current macroeconomic environment, characterized by high interest rates and uncertainty following the FTX collapse, will be followed by a swift asset recovery once the U.S. activates its liquidity programs. He also notes that the proposed trade tariffs by Donald Trump, currently on hold, could potentially lead to increased institutional purchases of U.S. debt, boosting market liquidity and subsequently driving Bitcoin's price higher [1].

Bitcoin's recent performance has been resilient, with the cryptocurrency showing a 15% rise in the past month and trading at $94,703 as of the latest press time. Hayes believes that Bitcoin could repeat or exceed its recent performance, given the comparable conditions that could drive its price toward $1 million by 2028 [1].

Presto Research, a crypto research firm, has maintained its year-end Bitcoin target of $210,000 despite macroeconomic uncertainties. Peter Chung, Presto's Head of Research, attributes this projection to institutional demand and rising global liquidity, which he believes will fuel Bitcoin's price appreciation [2].

The technical indicators also suggest a cautious but bullish outlook. Bitcoin's daily chart shows prices hovering just below $95,000, brushing against the upper Bollinger Band, a zone that often signals short-term overheating. The Relative Strength Index (RSI) stands at 67.78, just below the overbought threshold of 70, indicating that Bitcoin is entering a potentially exhausted state after a powerful rally [2].

However, Hayes and Chung's projections are not without their challenges. The energy battle between Bitcoin miners and AI data center operators could potentially tighten Bitcoin's supply, depending on the cost of electricity. If energy prices rise sharply, less efficient Bitcoin miners may be forced offline, potentially tightening supply and strengthening price support [2].

In conclusion, while the path to $1 million for Bitcoin by 2028 is ambitious, it is supported by liquidity policies, institutional demand, and technical indicators. However, market dynamics and energy costs will play crucial roles in determining Bitcoin's future price trajectory.

References:
[1] https://coinedition.com/arthur-hayes-bitcoin-to-1-million-token2049-qe-liquidity-forecast-2028/
[2] https://coinedition.com/bitcoin-price-prediction-april-2025-rsi-bollinger-bands-breakout/