Hayes Declares Trump Irrelevant as Bitcoin Price Holds Above Key EMA Levels
Bitcoin's price currently sits at $78,996.58, and according to Arthur Hayes, US President Donald Trump is irrelevant to market moves. In a recent Cointelegraph Trade Secrets episode, Hayes labeled Trump 'a very entertaining politician.' The 4h chart shows a bullish trend structure, with the price holding above the EMA50 at $76,760.88 and the EMA200 at $69,793.11.
However, the MACD death cross at 451.93 signals fading momentum, even as the RSI at 44.62 remains neutral within the Bollinger Bands. With the price testing upper band resistance near $80,506.61, a healthy retracement toward the 50-EMA support at $76,760.88 appears probable before any continuation higher.
Hayes also discussed his unchanged BTC price prediction for 2026 and the path for HYPE on Hyperliquid, emphasizing that institutional flows now dominate over political noise.