Bitcoin Rockets Past $87K: Is This Your Last Shot Under $100K?

Bitcoin's Wild Ride

Hang onto your hats, folks! Bitcoin kicked off the week with a bang, soaring over 3% and smashing through to $87,705. This isn't just a blip on the radar; it's the highest the crypto king has been in nearly three weeks. Sure, some naysayers called it a sleepy Sunday pump, but former BitMEX CEO Arthur Hayes isn't having it. He's shouting from the rooftops that this could be your last golden ticket to grab BTC under $100,000.

Arthur Hayes' Bold Call

Hayes isn't just tweeting memes about bunnies bouncing around. He's dead serious, folks. He's dropping hints like, "Seriously fam, this might be the last chance you have to buy $BTC < $100k 😉😉😉😉." And he's not stopping there. He's teasing a new essay about "The BBC Bazooka" and treasury buybacks. Buckle up, because Hayes is about to take us on a wild ride!

Economists Weigh In

But it's not just Hayes hyping up the crowd. Economist Timothy Peterson is throwing his hat in the ring, predicting that BTC could hit a mind-blowing $138,000 in just three months. He's crunching the numbers, looking at historical price behavior after high-yield bond rate spikes, and he's seeing a median 31% gain in the next quarter. And get this, the upside scenarios? They're off the charts!

Gold's Record Run

And if that's not enough to get your heart racing, gold is partying like it's 1999, trading near a record $3,400 per ounce, up nearly 30% this year. It looks like BTC is finally playing follow the leader with gold, hinting at a return to its "digital gold" roots after a long time apart.

Fed Frenzy

But hold on tight, because the Federal Reserve is about to throw a wrench in the works. Eight Fed officials are set to hit the stage this week, with Trump publicly calling to fire Jerome Powell. It's a political pressure cooker, and no one knows what the Fed will do next. But markets are betting on a rate cut by June, which could send the dollar tumbling and send risk assets like Bitcoin soaring even higher.

Cautious Optimism

But before you go all-in, take a deep breath. Analyst Michaël van de Poppe is warning that this weekend's move might be a head-fake. "I assume that we'll likely correct back before we're finally breaking through. If the breakthrough happens, an ATH is on the horizon," he posted on X. So, buckle up, because it might be a bumpy ride before we reach the promised land.

The $91K Battleground

And if you're looking for the next big battle, CryptoQuant is pointing to the $91,000 mark. Until BTC can muscle its way past that threshold, short-term holders—especially those who bought in the last six months—are underwater and might start selling off. So, keep your eyes peeled, because this could be the make-or-break moment for Bitcoin's next big move.