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TechFlow reported on March 10 that Arthur Hayes, co-founder of BitMEX, posted on social media this morning saying the market started the week poorly and that Bitcoin might retest the support level at $78,000. If this support level is breached, the next target would be $75,000.
Hayes warned that there is a large amount of open options contracts in the $70,000–$75,000 price range, and if Bitcoin falls into this range, market volatility could become intense.
Arthur Hayes, co-founder of BitMEX, said on social media this morning that the market started the week poorly, and Bitcoin's price may retest the support level at $78,000. If this support level is breached, the next target would be $75,000. Hayes warned that there is a large amount of open options contracts in the $70,000–$75,000 price range, and if Bitcoin falls into this range, market volatility could become intense.
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