The former Bitmex executive expects Bitcoin to trade in the $60,000-$70,000 range by August.

Former Bitmex CEO Arthur Hayes predicts that Bitcoin will trade in the $60,000 to $70,000 range through August. “Slowly adding billions of dollars of liquidity each month will keep negative price movements in check from here on out,” Hayes said, adding that he expects “prices to bottom out, decline and begin to slowly rise.”