Bitcoin is projected to “explode” in three weeks as global liquidity trends support crypto and risky assets.
A new X analysis from Andre Dragosch, head of European research at asset management firm Bitwise, predicts global money supply, hitting new highs.
3-week countdown to BTC price comeback
The new Bitcoin (BTC) priced tail fin has been brewed since the beginning of November last year as US dollar muscle strength drops to its lowest level.
The US Dollar Index (DXY), which measures the dollar's strength against the basket of Trading Partner Currencies, threatens to fall below 104 data from the Cointelegraph Markets Pro and TradingView shows.
For Dragosch, its meaning is already clear.
“If this trend continues like that, Global Money Supply will soon regain a new all-time high,” he writes, describing DXY as “the most bullish chart we see today.”
“You know what that means for BTC…”
US Dollar Index (DXY) 1-day chart. Source: CointeLegraph/TradingView
While Greenback has yet to make significant profits from the new US government administration, trade tariffs continue to weigh the sentiment of risk assets.
On analyst Colin, Crypto is looking at the rebounds of the Total M2 Money Supply for clues on the new Bitcoin breakout.
As reported by Cointelegraph, Bitcoin remains extremely sensitive to global liquidity trends, with bull markets closely tied to the stage of expansion.
“Stock rallies, Bitcoin and Crypto will be epic,” Colin told X Followers this week, repeating previous predictions to X Followers.
“March 25th is the approximate date.”
Risk Assets vs. Global M2 Money Supply Chart. Source: Colin Talks Crypto/X
US Bitcoin Reserve Odds Pass 70%
Bitcoin and altcoin can receive much needed boosts in advance.
Related: Bitcoin price indicator called 2020 Bull Run
On March 7th, US President Donald Trump will host the first White-Hou Script Summit, with Commerce Secretary Howard Rutnick suggesting that the event should bring confirmation of a strategic Bitcoin reserve.
Other sources say the move is slow due to lack of Congress support, but some longtime crypto market participants say this preparation is inevitable.
“The strategic Bitcoin reserve is coming,” Anthony Pipriano, founder and CEO of professional capital management, summed up to X.
“Everyone wants digital sound money.”
In a March 5th market note, Matt Hougan, Chief Investment Officer and ETF Manager Bitwise, Crypto Index Fund, predicted that BTC will be “fully” prepared and “fully” constituted.
The latest data from the forecast service Calci is a 71% chance of Bitcoin reserve this year. This is the highest odds ever.
sauce: Calci
This article does not include investment advice or recommendations. All investment and trading movements include risk and readers must do their own research when making decisions.
