Bitcoin Bulls Eye Potential Rally as Global Money Supply Trends Shift in Three Weeks
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As global liquidity begins to shift, Bitcoin (BTC) is poised for a potential surge in the coming weeks, signaling a turning tide for crypto enthusiasts. With analysts predicting a rebound in global money supply, Bitcoin aficionados are starting to speculate on a bull run that could transform market dynamics significantly. “If this trend continues, global money supply will soon reclaim new all-time highs,” stated Andre Dragosch, European head of research at Bitwise, highlighting the growing optimism surrounding BTC. Countdown to Bitcoin’s Resurgence: Insights from Bitwise According to Andre Dragosch of Bitwise, a shift in the global liquidity landscape could lead to a major price upturn for Bitcoin, potentially happening in just three weeks. The chart depicting the US Dollar Index (DXY) shows it approaching levels not seen since last November, suggesting a weakening dollar which often benefits crypto and risk assets. The DXY is nearing a critical threshold below 104, indicating a trend that may favor cryptocurrencies. This aligns with historical trends where Bitcoin rallies are closely tied to the expansion of the global M2 money supply. Positive Sentiment Among Analysts: Growing Confidence for a Bitcoin Breakout Colin Talks Crypto, a well-known analyst in the space, echoed the sentiment, stating that the conjunction of rising M2 money supply and lower dollar strength heralds a significant shift for BTC. He emphasized that major rallies for risk assets, including Bitcoin, are on the horizon, with March 25 touted as a pivotal date. “The rally for stocks, Bitcoin, and crypto is going to be epic,” he remarked on social media, drawing attention to the historic correlation between liquidity expansions and price upticks in the crypto sphere. Government Moves: Strategic Bitcoin Reserve Could Be on the Horizon The upcoming White House Crypto Summit, scheduled for March 7, is also generating buzz within the cryptocurrency…
Filed under: News - @ March 6, 2025 7:15 am