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Bitcoin Holds Steady, Arthur Hayes Sees "Out of the Woods"

April 25, 2025 - Bitcoin has been trading within a relatively narrow range over the past few days, and according to Arthur Hayes, CEO of BitMEX, if the cryptocurrency can maintain this level until April 15, it could signal a major turning point for the market.

In an interview with Benzinga, Hayes noted that if Bitcoin can hold above $42,000 between now and April 15, it would be a significant indication that the market is out of the woods. "If we can get through this next two-week period without a major correction, I think we'll be out of the woods," Hayes said.

Hayes' comments come as Bitcoin has been trading in a tight range, with prices oscillating between $42,000 and $45,000. The cryptocurrency's recent stability has been a welcome respite from the volatility that has characterized the market in recent months.

Hayes' optimism is not without basis. Bitcoin's ability to hold above $42,000 would be a major psychological hurdle cleared, and could potentially pave the way for further gains. The BitMEX CEO noted that he is not predicting a rapid surge to new highs, but rather a steady grind higher.

"If we can get through this next two-week period, I think we'll start to see some real progress," Hayes said. "I'm not saying we're going to blast off to $50,000 or $60,000, but I think we'll start to see some real momentum build."

Hayes' comments are a positive sign for the cryptocurrency market, which has been plagued by concerns over regulation, inflation, and market volatility. As Bitcoin continues to trade within its current range, investors will be eagerly watching to see if the cryptocurrency can indeed hold above $42,000 and clear the way for further gains.