Cardano (ADA) is predicted to surge if Bitcoin hits $100,000, says Arthur Hayes!

Updated

April 24, 2025

Gambar Cardano (ADA) is predicted to surge if Bitcoin hits $100,000, says Arthur Hayes!

Jakarta, Pintu News – The crypto market has recently witnessed steady price movements from Cardano, but there is great potential for a price surge if Bitcoin reaches the $100,000 mark, as predicted by Arthur Hayes, founder of BitMEX.

Check out the full analysis here!

Bitcoin’s Impact on Cardano

Bitcoin (BTC) is currently in a critical phase, trying to break out of a double bottom pattern which is a bullish signal. If Bitcoin manages to cross the price of $91,566, there are no significant obstacles to reaching the $100,000 target.

This rise is expected to have a significant impact on the entire crypto ecosystem, including Cardano . Bitcoin’s 13% increase from its current price could be the catalyst that encourages investors to pay more attention to altcoins like Cardano.

Like the Easter bunny, bounce bounce bounce bounce bounce!

Seriously fam, this might be the last chance you have to buy $BTC < $100k 😉😉😉😉.

New essay drops this week about The BBC Bazooka, treasury buy backs.

Yaxhtzee pic.twitter.com/iYCXqGxsws
— Arthur Hayes (@CryptoHayes) April 21, 2025

Arthur Hayes through his post on X has expressed optimism towards Bitcoin’s potential rise. This suggests that the market may see increased interest in other cryptos as a domino effect of Bitcoin’s rising price. Cardano, which has been on the decline since its peak in November 2022, could gain the momentum it needs for a price recovery.

Also read: Bitcoin (BTC) Price Surges to $93,000, Paul Atkins Pushes for Crypto Regulation!

Cardano Technical Analysis

Cardano (ADA) has formed a falling wedge pattern on the daily chart, which is often interpreted as a bullish signal. In addition, a smaller bullish pennant pattern has also emerged. If Cardano manages to break out of these patterns, the next price target could be $1, which would mean an increase of about 55% from the current price.

These patterns give investors hope that Cardano may be on the rise soon. However, if the Cardano price drops to the lower level of the bearish pennant pattern, this could worsen the situation.

The next support level is $0.456, which may be tested if the bearish trend continues. Investors and market analysts should pay attention to these technical indicators to make informed investment decisions.

Also read: Bitcoin (BTC) Breaks $90,000, Will it Continue to Rise?

Cardano’s Future Prospects

Cardano’s ability to surge depends heavily on Bitcoin’s movements, but overall market sentiment also plays an important role. If Bitcoin reaches $100,000, this could be a turning point for Cardano to start a significant rally.

Conversely, if Bitcoin fails to reach that target, Cardano may continue to struggle in the face of market pressure. The crypto market is highly dynamic and is affected by various external factors such as government regulation, technology adoption, and investor sentiment.

Cardano’s success in the long run will depend on its ability to innovate and maintain relevance amidst growing competition in the crypto industry.

That’s the latest information about crypto news today. Get more information about crypto academy from beginner to expert level only at Pintu Academy and enrich your knowledge about the world of crypto and blockchain.

Follow us on Google News for the latest updates on crypto and blockchain technology. Enjoy an easy and secure crypto trading experience by downloading Pintu crypto app via Google Play Store or App Store now.

Experience web trading with advanced trading tools such as pro charting, various order types, and portfolio tracker only at Pintu Pro. Click Register Pintu if you don’t have an account or click Login Pintu if you are already registered.

*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference