Incoming liquidity from the US Fed and bullish technical breakouts are aligning to support a $1,000 price outlook for Zcash. ZEC’s price could target $1,000 according to Arthur Hayes, with a 40% rise since his Dec. 19 call. Despite a potential pullback to $400, charts still point to a longer-term rise.

Hayes predicts that Zcash will benefit from policymakers covertly injecting cash into the financial system. Zero-knowledge technologies may re-emerge as a dominant narrative, making ZEC a liquid proxy trade if risk appetite returns. ZEC has surged 40% to around $550 since the interview.

Crypto trader Crypto Curb notes Zcash breaking out of an ascending triangle pattern, reinforcing a $1,000 price target. Analyst Eric Van Tassel warns of a possible pullback to $400 due to a rising wedge pattern. Despite this, a reset could pave the way for a rally towards the $1,000 mark.

Read more at cointelegraph.com: Zcash Will Rise to ‘First Stop’ Target of $1K: Arthur Hayes