Crypto analysts are buzzing about Bitcoin’s potential to hit a new all-time high (ATH) – and soon! Let’s dive into their predictions.
A Bullish Outlook Based on Global M2
Analyst Colin sees a very positive outlook for Bitcoin. He’s focusing on the Global M2 money supply, which has been at an all-time high for days. This, he says, is a great sign for Bitcoin and other risky investments.
While he expects Bitcoin to eventually surge past $100,000 and even reach $144,000, he cautions that it might take a few weeks for the money to flow into Bitcoin. He predicts a dip in the price before the big jump, possibly around April 16th or 17th, creating a good buying opportunity. The main surge, however, might not happen until May.
Colin advises patience. He acknowledges that the Global M2 data isn’t perfectly correlated with Bitcoin’s price (there’s about a 20% deviation), so don’t panic over short-term price fluctuations. Zoom out and look at the bigger picture.
Momentum Shift: Bitcoin Eyes $90,000?
Another analyst, Titan of Crypto, also sees positive signs. He points to a potential “momentum flip” in Bitcoin. Technical indicators like the LMACD and the weekly RSI are showing a shift towards strength. He believes this could push Bitcoin back towards $90,000. A major breakout is on the horizon, potentially reversing the current trend.
Currently, Bitcoin is trading around $85,400, showing a slight increase in the last 24 hours. The analysts’ predictions are certainly exciting, but remember that crypto markets are volatile, and these are just predictions.