$77K likely the Bitcoin bottom as QT is effectively dead Analysts
The Feds quantitative tightening is basically over, which has crypto analysts feeling slightly more bullish about its implications for the crypto market.
Bitcoin is unlikely to revisit the $77,000 price level anytime soon after the Fed signaled a slowdown in quantitative tightening (QT), says BitMEX co-founder Arthur Hayes.
On March 10, Bitcoin (BTC) dipped near the $77,000 level for the first time since November, according to CoinMarketCap data.
Was BTC $77k the bottom, prob, Hayes said in a March 20 X post after declaring that QT is basically over following the Feds March 19 announcement that starting in April, it will slow its securities sell-off by reducing the monthly Treasury cap from $25 billion to $5 billion.
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