Arthur Hayes, former BitMEX CEO, predicts Bitcoin will reach $110,000 before retesting $76,500.
Bitcoin has entered a period of relative calm with its price oscillating between $81,000 and $89,000.
Hayes believes the market's momentum and shifts in monetary policies will push Bitcoin's price up.
Hayes points out the Federal Reserve's transition from quantitative tightening to quantitative easing may inject more liquidity into the financial system.