#Bitcoin❗ IS IT POSSIBLE TO REACH $100,000? HERE'S THE ANSWER YOU NEED TO KNOW.
Global currency liquidity increased at an annual rate of over 6%, marking the fastest growth since April 2022.
The increase in global liquidity, now above 6% year-on-year, has grown at its fastest pace since April 2022 and is expected to impact $BTC
* CYCLIC GROWTH TREND.
This growth rate follows a four-year cycle, similar to the April 2020 period. Increased liquidity could push up the prices of risk assets, including Bitcoin, in the medium term.
Central banks, such as the US Federal Reserve (Fed) and the European Central Bank (ECB), are expected to cut interest rates in the coming weeks, marking the start of a global easing cycle.
However, there are still some short-term challenges, such as unfavorable liquidity conditions from the Fed and the possibility of a stronger US dollar.
* CUP MODEL OF $BTC
The increase in global liquidity will have a big impact on Bitcoin price. BTC is forming a giant cup and handle pattern, with a potential breakout in mid-September, possibly during or after the Fed meeting.
This could trigger a strong rally, signaling the start of the 2024-2025 Bitcoin bull cycle that analysts predict. Investors should hold BTC and prepare for this rally.
If #Bitcoin❗ surpasses the all-time high (ATH), the price could rise to around $100,000, especially if political events like a Trump victory occur, according to some analyses.
However, if BTC encounters resistance near ATH, analysts will need to do more analysis, but the overall trend remains bullish.
* PROVIDED $BTC BY LONG TERM INVESTORS.
Another bullish indicator is the amount of Bitcoin held by long-term investors, which is currently near a new ATH.
As of now, long-term investors have held 16.13 million BTC for over 155 days, with the previous ATH reaching 16.29 million BTC in December 2023. This strong accumulation from long-term investors, including institutions, shows that key stakeholders remain committed, increasing the likelihood of BTC continuing to rally in the near term.
* FLUCTUATIONS #BITCOIN AND FUNDING RATE.
Bitcoin volatility has returned to near cycle highs, which could be both a positive and negative signal for traders.
While leveraged traders may find it difficult, long-term investors see this as a promising sign of upcoming price movement.
While volatility remains below 2021 levels, it could increase as institutions return to the market.
