Arthur Hayes, former CEO of crypto change BitMEX, mentioned in his original essay early Friday that bitcoin has most probably bottomed at this moment’s lows of $56,000, however warned buyers to be expecting a gentle climb rather of a hasty cure to the March highs as markets will cool for the nearest few months. “Did bitcoin hit a local low […] earlier this week,” requested Hayes. “Yes,” he concluded. “I expect prices to bottom, chop, and begin a slow grind higher.”