Bitcoin continues to gain bullish momentum. At the time of early European trading, it has once again returned to its weekly high around $116,800. Ethereum has also seen solid gains after ending last week on an optimistic note.

As traders gear up for the upcoming Federal Reserve meeting — which could push the crypto market even higher — Arthur Hayes gave a new interview, urging Bitcoin investors to remain patient, as the current bull market could last until 2026. Hayes expects Donald Trump to launch a major economic stimulus in mid-2026, potentially triggering explosive growth in the cryptocurrency market.

Hayes' forecast is based on several key factors.

First, he expects the Federal Reserve to continue easing monetary policy in response to slowing economic growth. This would increase market liquidity and, as a result, drive up the prices of risk assets like cryptocurrencies.

Second, Hayes believes Donald Trump will act as a catalyst for a new wave of economic expansion. Known for his support of tax cuts and deregulation, Trump's policies, according to Hayes, will likely boost investment and consumer spending. This would create a favorable environment for crypto market growth.

Third, Hayes points out that Bitcoin is becoming increasingly attractive to institutional investors. As cryptocurrencies become more mainstream, more large corporations and investment funds are allocating capital to the sector. Hayes believes this trend will continue, providing additional support for Bitcoin and other crypto assets.

Let's not forget about the altcoin season. According to data, the Altseason Index has climbed to 80 — its highest level since the euphoric aftermath of Trump's 2024 election victory. This suggests that the altseason is in full swing. Many market analysts still expect it to peak in Q3 of this year.

Trading recommendations

Bitcoin (BTC) In terms of the technical outlook for Bitcoin, buyers are currently targeting a return to the $116,000 level, which opens a clear path toward $117,500 — and from there, it's a short distance to $118,600. The final target would be the high near $119,300; breaking through that level would confirm a strengthening bull market.

In case of a pullback, buyers are expected around $114,600. A drop below that area could quickly push BTC down toward $113,200, with the final support target at $111,900.

Ethereum (ETH) As for Ethereum, a solid consolidation above the $4,697 level opens the way to $4,784. The ultimate upside target is the high near $4,913; a breakout above that would signal a stronger bull market and renewed buyer interest. If ETH pulls back, buyers are expected at $4,601. A drop below this zone could push ETH down to $4,519, with the final target around $4,418.

What's on the chart

• The red lines represent support and resistance levels, where price is expected to either pause or react sharply.
• The green line shows the 50-day moving average.
• The blue line is the 100-day moving average.
• The lime line is the 200-day moving average.

Price testing or crossing any of these moving averages often either halts movement or injects fresh momentum into the market.