Expert Insights on Bitcoin’s Potential Surge Beyond $100,000
Our editorial content is crafted with precision and reviewed by top industry professionals to ensure accuracy and relevance. We maintain transparency in our ad disclosures.
Bitcoin’s Bullish Stance Against Global M2 Money Supply
Renowned crypto analyst, Colin, has expressed optimism about Bitcoin’s performance relative to the Global M2 money supply. He forecasts that Bitcoin is poised to soar beyond $100,000, potentially reaching a new all-time high in the upcoming months.
Advertisement Banner
Global M2 Money Supply: A Positive Indicator for Bitcoin
In a recent social media post, Colin highlighted that the Global M2 has maintained its peak status for three consecutive days, which he interprets as a promising signal for Bitcoin and other volatile assets. Despite this, he advises patience as the liquidity influx into Bitcoin might still be several weeks away. His analysis suggests that once this occurs, Bitcoin could skyrocket to approximately $144,000.
Colin also anticipates a near-term opportunity to purchase Bitcoin at a dip, as the Global M2 doesn’t indicate an immediate surge. He predicts a gradual decline until mid-April, presenting another strategic buying window. His projections suggest a significant upswing might not occur until May.
Colin urges investors to remain patient and focused on the broader macroeconomic chart, rather than getting swayed by minor price fluctuations. He emphasizes that while the Global M2 can deviate by 20% due to mathematical correlations, both upwards and downwards, it is crucial to maintain a long-term perspective to accommodate these variations.
Potential Momentum Shift for Bitcoin
Another crypto analyst, Titan of Crypto, notes a potential momentum shift for Bitcoin. He observes a noticeable change in the LMACD, alongside robust weekly price action, suggesting a possible reclaim of the $90,000 mark for Bitcoin.
In a subsequent post, Titan of Crypto predicted an imminent major breakout for Bitcoin. He observed a significant trendline breach in the weekly Relative Strength Index (RSI), indicating a pivotal momentum shift. At present, Bitcoin is valued at roughly $85,400, experiencing a slight increase over the last 24 hours, according to CoinMarketCap data.
For an in-depth chart analysis, refer to resources like TradingView.com.
Commitment to Quality Editorial Standards
Our editorial team at Bitcoinist is dedicated to delivering content that is meticulously researched and unbiased. We adhere to strict sourcing standards, ensuring each article is rigorously reviewed by our experienced technology experts and editors. This dedication guarantees the integrity, accuracy, and value of our content for our readers.
“`
