Bitcoin poised for massive correction to $70K-$75K before surging to $250K by year end, BitMEX co-founder

BitMEX co-founder Arthur Hayes predicted that Bitcoin could potentially pull back toward the $70,000 to $75,000 range.

In a recent post on X , BitMEX co-founder Arthur Hayes said that Bitcoin ( BTC ) price stands poised for a massive correction to the $70,000 to $75,000 range. Furthermore, he suggested that this dip could trigger a “mini financial crisis” and result in a renewed wave of money printing. This development, according to Hayes, could ultimately propel Bitcoin’s price to $250,000 by the end of 2025.

Bitcoin’s last visit to the $75,000 level occurred on Nov. 8, 2020, just days after Donald Trump’s U.S. presidential victory. As of the time of publication, Bitcoin is trading at $102,876. 

Hayes’ prediction came amid a broader slump in the crypto market. Following the release of DeepSeek R1 on Jan. 20, Bitcoin price experienced a significant decline, falling below $100,000 and reaching approximately $97,800 during Asian training hours . This has sparked a range of speculations from analysts about how much further Bitcoin price may fall.

Michael van de Poppe, founder of MN Capital, downplayed concerns over the current market volatility , describing the drop as a “short-term shock.” Van de Poppe cautioned against reacting hastily to short-term market fluctuations and pointed out that Bitcoin has reached what he termed an “exciting entry zone.” However, he acknowledged that if Bitcoin fails to maintain this support, a drop to the range lows is likely.