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BeInCrypto Brasil
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Experts predict Bitcoin will fall by $20,000; understand
Bitcoin’s 15% correction during the third week of December marked its biggest weekly price drop since August. Experts attribute the decline to the impact of global macroeconomic factors, warning that Bitcoin could face further declines if these pressures intensify.
However, Bitcoin also has internal factors to counterbalance the negative macro impact.
Global liquidity falls in the last two months
According to The Kobeissi Letter, the price of Bitcoin historically shows a 10-week lagged correlation with the Global Money Supply (Global M2). Over the past two months, Global M2 has fallen by US$4.1 trillion, signaling potential further declines in asset prices if the trend continues.
However, Bitcoin also has internal factors to counterbalance the negative macro impact.
Global liquidity falls in the last two months
According to The Kobeissi Letter, the price of Bitcoin historically shows a 10-week lagged correlation with the Global Money Supply (Global M2). Over the past two months, Global M2 has fallen by US$4.1 trillion, signaling potential further declines in asset prices if the trend continues.
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BTC
94,584.24
-0.35%
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