Bitcoin kicked off the week with impressive momentum, surging over 3% to approach the $88,000 mark. This notable price action has prompted former BitMEX CEO Arthur Hayes to make a striking claim: investors might be witnessing their final opportunity to purchase Bitcoin below the six-figure threshold.

Bitcoin’s Strong Weekly Performance Ignites Price Speculation

The leading cryptocurrency climbed to $87,705 following the April 20 weekly close, reaching its highest level in nearly three weeks. While skeptics dismissed this movement as merely another low-volume Sunday price pump typical in crypto markets, Hayes has taken a decidedly more bullish stance, suggesting this could represent the last chance for investors to acquire Bitcoin under $100,000.

“This is probably the last time you will be able to buy BTC sub $100k,” Hayes declared on social media, setting a clear marker for what he believes is an imminent breakthrough price level for the digital asset.

Economic Analysis Supports Bullish Bitcoin Outlook

Lending credibility to Hayes’ optimistic perspective, economist Timothy Peterson recently published projections indicating Bitcoin could reach as high as $138,000 within just three months. Peterson bases this forecast on historical Bitcoin price behavior following spikes in high-yield bond rates.

His comprehensive analysis demonstrates that under similar macroeconomic conditions, Bitcoin has historically posted a median 31% gain over the subsequent quarter, with some upside scenarios showing significantly higher returns for crypto investors.

Gold’s Record Performance Reinforces Digital Gold Narrative

Adding further support to the bullish Bitcoin sentiment is gold’s impressive performance. The precious metal is currently trading near a record $3,400 per ounce, representing an impressive 30% increase year-to-date.

Notably, Bitcoin appears to be following gold’s upward trajectory, potentially signaling a revitalization of the “digital gold” narrative that has often characterized Bitcoin’s value proposition in the crypto market. This correlation comes after a lengthy period where the two assets’ price movements had diverged significantly.

Federal Reserve Uncertainty Creates Favorable Conditions

The cryptocurrency market is also benefiting from growing uncertainty surrounding the Federal Reserve’s monetary policy. Eight Fed officials are scheduled to speak this week amid increasing political pressure, including former President Trump’s public call to remove Jerome Powell from his position.

While the Fed’s next move remains unclear, markets are increasingly pricing in a potential interest rate cut by June. Such a policy shift could further weaken the US dollar and provide additional momentum for risk assets like Bitcoin and the broader crypto ecosystem.

Technical Analysis Suggests Caution Before Celebration

Despite the optimistic outlook, some technical analysts urge caution before assuming a straight path to new all-time highs. Market analyst Michaël van de Poppe noted that while Bitcoin pushing past $87,000 is promising, weekend price movements in crypto can sometimes be misleading and require confirmation during regular trading hours.

According to data from CryptoQuant, the key technical resistance level to watch is currently at $91,000. Until Bitcoin decisively breaks through this threshold, short-term holders—particularly those who purchased within the last six months—remain underwater on their investments, potentially creating selling pressure that could temporarily counteract bullish momentum.

The Path to Six Figures

As Bitcoin approaches the psychologically significant $100,000 milestone, both retail and institutional investors are closely monitoring price action for confirmation of a sustained breakout. If Hayes’ prediction proves accurate, the current price range may represent the final opportunity to accumulate Bitcoin before it enters an entirely new valuation territory.

For crypto enthusiasts who have long anticipated Bitcoin reaching six figures, the coming weeks could prove decisive in determining whether this vision becomes reality in the current market cycle.

Disclaimer: This article is provided for informational purposes only and does not constitute financial investment advice. Cryptocurrency investments, including Bitcoin, involve substantial risk and volatility. The information presented is not a recommendation to buy, sell, or hold any digital assets mentioned. Before making any investment decisions in the crypto market, readers should conduct thorough research, consider their financial circumstances, and consult with qualified financial advisors. Price predictions and market analyses discussed in this article represent opinions based on historical data and may not predict future price movements accurately. Past performance of any cryptocurrency is not indicative of future results. Never invest money in crypto that you cannot afford to lose.