According to expert Colin Talks Crypto, a Bitcoin rally will occur on March 25 due to a sharp increase in the global money supply. He noted that the global money supply (M2) is currently rapidly recovering, and then the rally for stocks and the first cryptocurrency will exceed all expectations.
That means investors have three weeks to wait until that happens. At the moment, the US dollar index (DXY), which measures the strength of the currency against a basket of other assets of the United States' trading partners, could soon fall below 104, the analyst noted.
If the current trend with the dollar index continues, then the world money supply will reach an all-time high at the end of March, and market participants should keep a close eye on the DXY, the expert said.
Andre Dragos, director of EU research at Bitwise, agreed with him, confirming that the global money supply is indeed recovering quickly.
Currently, the price of the main cryptocurrency fluctuates around $90,000, but many experts agree that in March Bitcoin capable of setting a new historical maximum above $150,000.