Bolt Projects 15min chart triggered Bollinger Bands Narrowing, Bearish Marubozu pattern.
AinvestFriday, May 2, 2025 12:32 pm ET

Based on the 15-minute chart of Bolt Projects, the recent trading session has triggered a Bollinger Bands Narrowing and Bearish Marubozu at 05/02/2025 12:30. This indicates that the magnitude of stock price fluctuations is decreasing, suggesting that sellers are currently in control of the market. Furthermore, this bearish momentum is likely to continue in the near future.
Arthur Hayes, the co-founder of BitMEX, recently shared his bullish outlook on Bitcoin, predicting that the cryptocurrency could reach $1 million by 2028. Hayes cited rising U.S. deficits and the likelihood of renewed money printing as major catalysts for Bitcoin's price increase. He believes that the U.S. government will be forced to inject more liquidity into the financial system, which will subsequently flow into risk assets like Bitcoin [1].During his keynote at TOKEN2049 in Dubai, Hayes argued that the current macroeconomic setup is similar to late 2022, when high interest rates and uncertainty followed the FTX collapse. However, once the U.S. activated its $2.5 trillion repo program, there was a swift asset recovery. Hayes sees familiar ingredients forming in the current market, with institutional players likely to step in and buy U.S. debt, boosting market liquidity and subsequently Bitcoin's price [1].
Hayes' projection aligns with broader expectations that increased dollar liquidity could fuel risk-on sentiment in both crypto and equities. Presto's Head of Research, Peter Chung, has reiterated his year-end Bitcoin forecast of $210,000, citing institutional demand and rising global liquidity as key drivers. Ark Invest, an asset management firm, has also projected that Bitcoin could reach a minimum of $300,000 to $500,000 per coin within five years, with a potential to hit $2.4 million by 2030 [1].
As of the current date, Bitcoin is trading at $94,703, showing resilience after earlier volatility in 2025. Bitcoin has seen a 15% rise in the past month, indicating strong market performance. Hayes' projection, while ambitious, echoes broader expectations that increased dollar liquidity could drive Bitcoin's price toward $1 million by 2028.
References:
[1] https://coinedition.com/arthur-hayes-bitcoin-to-1-million-token2049-qe-liquidity-forecast-2028/

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