The price of Investing.com (BTC) has risen 2.04%, to $39.432 on Thursday, April 28, 2022. It is one of only a few cryptos, alongside (ETH) or (SOL), that can show profit from the top 20 most popular coins.

Arthur Hayes is the founder and ex-CEO of Bitcoin Mercantile Exchange. He believes bitcoin has a bright future. Hayes believes that bitcoin will reach 1,000,000 dollars by the end of this decade.

Hayes wrote a blog about the consequences of the outbreak of the coronavirus and war in Ukraine for the largest countries. The resulting results will be a sign that central bank control is gone, Hayes believes.

And as the flaws in Western financial policy come to light, bitcoin and will be the biggest beneficiaries of the new situation, as Hayes explained:

The endgame is controlling the yield curve. The USD is now worth less than gold, and bitcoin more than it was before. It is possible for bitcoin to climb to $1,000,000, and gold to jump to $10,000-20,000. With yield curve control. It is impossible to find a politically viable alternative, so the Russian actions are an assurance that yield curve control will be achieved sooner than expected.

Levels of technical Bitcoin prices

Bitcoin was recently below the support of 38.2% Fibo’s retracement level of $38,815. It ended yesterday at this level and suggests a continuation of the near-term recovery.

The 50% Fibo Retracement at $40,607 can be now continued. This resistance can be broken by the bulls to allow gains of up to 61.8% Fibo at $42,399 if they succeed.

The bears can also take advantage of the 23.6% Fibo Retracement at $36,599 to get additional support, if they lower the 38.2% Fibo.

Marco Oehrl