On February 1st, Swyftx principal analyst Pav Hundal said that the current bear climate has become very tense, and the macro environment in favor of cryptocurrencies indicates that bitcoin is expected to hit new highs by the end of the quarter. Arthur Hayes, co-founder of BitMEX, previously predicted that Bitcoin could fall back into the $70,000 to $75,000 range, which would trigger a "mini-financial crisis" if it did happen. However, Dr. Sean Dawson, head of research at Derive, recently said that there is less than a 10% chance of Bitcoin falling to the $75,000 level in Quarter 1.