Bitcoin Set for Major Surge as Key Indicators Signal Upcoming Bull Run
- 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.
Read CRYPTONEWSLAND on google newsThis 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.
disclaimer read moreCrypto News Land, also abbreviated as "CNL", is an independent media entity - we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
XRP Shows Bullish Potential with Target of $2 as Investors Watch Resistance Breakouts
BlackRock’s Bitcoin ETF surges to $40 billion in assets in just 211 days
Pennsylvania lawmakers propose a bill to allow state investments in bitcoin