- Bitcoin’s price could surge to $125K as global liquidity reaches a record $95 trillion, highlighting its strong correlation with M2.
- A massive 7,999 BTC transfer hints at institutional interest, potentially signaling a major price move amid rising global liquidity.
- Bitcoin is consolidating between $58K-$66K, with technical indicators suggesting a possible reversal if buyers step in soon.
When the M2 money supply hits a historic $95 trillion in liquidity, Bitcoin suffers. Based on a historical association between cryptocurrency and global liquidity, several analysts predict that Bitcoin may reach $125,000. This pattern offers a brief explanation of how Bitcoin’s price stability is supported by global liquidity.
The M2 money supply shows that there is currently an all-time high of $95 trillion in money in circulation worldwide. This has been reached because Bitcoin’s price has consistently followed patterns in global liquidity.
$125,000 might not be too far off, considering that Bitcoin often appreciates in response to increases in liquidity. This link emphasizes, even more, how important macroeconomic issues are becoming in figuring out how much cryptocurrency is worth.
Whale Activity and Market Speculation
In addition to rising global liquidity, Bitcoin has witnessed substantial movements within the market. Whale Alert recently reported a massive transfer of 7,999 BTC, valued at $472.8 million, from Coinbase to unknown wallets.
The transfer involved multiple transactions, initially targeting an address coded “13F8P8,” before dividing into 50 separate addresses, each receiving 157 BTC. Speculation suggests that institutional players like BlackRock might be accumulating BTC, possibly in anticipation of a price surge.
Bitcoin’s Current Technical Outlook
Right now, it seems that the price of Bitcoin is levelling out inside a particular range, with $58,000 serving as support and $66,000 as resistance. A dynamic resistance barrier is being formed by the price activity below the 50-period Exponential Moving Average (EMA), indicating a negative bias. Furthermore, the Relative Strength Index (RSI) is very close to the oversold area at 40.01, suggesting that there might be a buying opportunity if the price stabilizes.
Source: CryptoRank
The future of Bitcoin depends on the activities of key market participants and increasing levels of global liquidity. Though a period of consolidation is indicated by the current technical indicators, a possible reversal is hinted at by the nearly oversold RSI.
With whale activity and liquidity patterns in the spotlight, Bitcoin’s next move might be big. Investors must closely monitor these developments as they might signal the start of a fresh wave of cryptocurrency bull markets.
The post Bitcoin Set for a Bull Run? Record $95 Trillion Liquidity Points to $125K Target appeared first on Crypto News Land.
Earn more PRC tokens by sharing this post. Copy and paste the URL below and share to friends, when they click and visit Parrot Coin website you earn: https://parrotcoin.net0
PRC Comment Policy
Your comments MUST BE constructive with vivid and clear suggestion relating to the post.
Your comments MUST NOT be less than 5 words.
Do NOT in any way copy/duplicate or transmit another members comment and paste to earn. Members who indulge themselves copying and duplicating comments, their earnings would be wiped out totally as a warning and Account deactivated if the user continue the act.
Parrot Coin does not pay for exclamatory comments Such as hahaha, nice one, wow, congrats, lmao, lol, etc are strictly forbidden and disallowed. Kindly adhere to this rule.
Constructive REPLY to comments is allowed