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Bitcoin Price Prediction – 3 Charts That Prove The Cycle Top Isn’t In Yet
The post Bitcoin Price Prediction – 3 Charts That Prove The Cycle Top Isn’t In Yet appeared on BitcoinEthereumNews.com. Bitcoin has come under significant selling pressure this week, mirroring the broader downturn in global financial markets. The Bitcoin price tested the $86,000 support on multiple occasions, declining by more than 10% from its weekly open. Market sentiment has turned deeply bearish, with the Crypto Fear and Greed Index now signalling “Extreme Fear.” However, a few prominent analysts remain bullish with their Bitcoin price predictions. Key indicators, which have historically accurately predicted the BTC cycle top, are suggesting that the largest cryptocurrency will push towards new highs in the coming months. Bitcoin Price Prediction — BTC Will Hit A New All-Time High Bitcoin shows a strong correlation with global liquidity, though it does sometimes lag behind the indicator. Prominent analyst Joe Consorti highlights that the global money supply began declining in September, experiencing a drawdown of nearly $4 trillion by December. Considering BTC’s strong correlation, this could result in a dip to ~$70,000. However, the Global M2 supply has already bottomed out in December and is rapidly approaching new highs, indicating the largest cryptocurrency will also see a bullish reversal in the coming month and hit a new all-time high. Head of Macro Research at GMI Julian Bittel reveals the Global M2 is closely resembling its trajectory during Donald Trump’s first term. If the pattern continues, it could surge to $112 trillion, paving the way for BTC to hit $150k. Bittel also highlights that financial conditions are expected to ease rapidly, owing to the weakness in the US Dollar and falling inflation levels, as showcased by the Truflation data. Simply put, Bittel reveals that the GMI Bitcoin Top Finder, which has accurately predicted previous cycle tops, suggests that the largest cryptocurrency will reach significantly higher levels in the coming months. Bitcoin’s Rainbow Chart, which visualizes BTC’s long-term movement on a…
The post Bitcoin Price Prediction – 3 Charts That Prove The Cycle Top Isn’t In Yet appeared on BitcoinEthereumNews.com.
Bitcoin has come under significant selling pressure this week, mirroring the broader downturn in global financial markets. The Bitcoin price tested the $86,000 support on multiple occasions, declining by more than 10% from its weekly open. Market sentiment has turned deeply bearish, with the Crypto Fear and Greed Index now signalling “Extreme Fear.” However, a few prominent analysts remain bullish with their Bitcoin price predictions. Key indicators, which have historically accurately predicted the BTC cycle top, are suggesting that the largest cryptocurrency will push towards new highs in the coming months. Bitcoin Price Prediction — BTC Will Hit A New All-Time High Bitcoin shows a strong correlation with global liquidity, though it does sometimes lag behind the indicator. Prominent analyst Joe Consorti highlights that the global money supply began declining in September, experiencing a drawdown of nearly $4 trillion by December. Considering BTC’s strong correlation, this could result in a dip to ~$70,000. However, the Global M2 supply has already bottomed out in December and is rapidly approaching new highs, indicating the largest cryptocurrency will also see a bullish reversal in the coming month and hit a new all-time high. Head of Macro Research at GMI Julian Bittel reveals the Global M2 is closely resembling its trajectory during Donald Trump’s first term. If the pattern continues, it could surge to $112 trillion, paving the way for BTC to hit $150k. Bittel also highlights that financial conditions are expected to ease rapidly, owing to the weakness in the US Dollar and falling inflation levels, as showcased by the Truflation data. Simply put, Bittel reveals that the GMI Bitcoin Top Finder, which has accurately predicted previous cycle tops, suggests that the largest cryptocurrency will reach significantly higher levels in the coming months. Bitcoin’s Rainbow Chart, which visualizes BTC’s long-term movement on a…
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