- Bitcoin eyes $380K peak as US M2 Money Supply and Chinese Bonds signal upcoming surge.
- Imminent MACD crossover predicts Bitcoin’s bull run; historical trends suggest major gains.
- Past patterns show Bitcoin rallies post-MACD crossover with US M2 and Chinese Bonds aligning.
Bitcoin seems poised for a robust upward movement. The comparison of primary economic data and market signals shows that Bitcoin could undergo a significant increase in value soon. This anticipation can be attributed to a comprehensive analysis of the MACD (Moving Average Convergence Divergence) on the US Money Supply (M2SL) in connection with Chinese 10-year Treasury Bonds.
Bitcoin Gearing Up for Bull Run
The chart analysis underscores a recurring pattern where a bullish crossover between the MACD applied to US M2 Money Supply and Chinese 10-year Treasury Bonds has historically precipitated major Bitcoin bull runs. A "bullish crossover" refers to the MACD line crossing above the signal line, typically indicating a potential increase in price movement. According to the chart, similar conditions have been noted at the onset of each significant Bitcoin rally in the past decade.
The historical data encapsulated in the chart displays several notable bull runs, highlighted explicitly during the years following these bullish crossovers. For instance, the periods following 2012, 2016, and 2020 each marked the beginning of substantial increases in Bitcoin price, aligning with the predictive behavior of the analyzed indicators.
Macroeconomic Triggers Pushing Bitcoin Growth
The MACD for the applied indicators is nearing another bullish crossover, suggesting an imminent bull run for Bitcoin. If the pattern holds true as it has previously, the cryptocurrency market could see Bitcoin prices rising to unprecedented levels. The projection within the chart anticipates a potential surge to around 380,000 USD per Bitcoin, a figure that underscores the significant impact of macroeconomic factors on cryptocurrency valuations.
This potential increase is particularly noteworthy given the broader economic context involving fluctuating monetary supplies and bond yields. Such factors often drive investors toward alternative assets like Bitcoin, perceived as hedges against inflation and market instability. The interplay between US monetary policy, Chinese bond yields, and Bitcoin's valuation highlights the intricate connections within global financial markets and the growing role of cryptocurrencies.
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