The CEO of Real Vision and former CEO of Goldman Sachs Raoul Pal believes that increasing global liquidity will soon be sent Bitcoin (BTC) and other digital assets that rise on a new leg.
Stomach Recount Its 1.1 million followers on the social media platform X indicate that the historical relationship between Bitcoin and the measurement of the global offer (M2) indicates that the higher digital assets according to the maximum market are preparing for the massive penetration.
“This also passes. The encryption still feels upset in liquidity than the strongest dollar and higher rates in the fourth quarter of 2024. This is almost and the financial conditions are quickly abandoned and the M2 returns to high levels of new highlands. This is just a regular correction.”
Stomach Secure Bitcoin repeats a 2017 similar price style linked to the M2 scale, when President Donald Trump took office for his first term. Bitcoin had a sharp correction in 2017, but then took off in a series of gatherings.
“We had the same accurate correction in 2017 caused by the same reaction to Trump’s policies (the highest dollar and the highest rates that were reflected after that).”
Also Secure Bitcoin will start trading higher within the Logarithmatic slope channel, a form of technical analysis that aims to show approximate rises and declines in the direction of the original in the long term.
Over time, we continue to climb the slope channel. Whether we remain in the main center (red) or climbing it through another normative or two normative deviations, it remains to look at them with the development of the cycle. “
Bitcoin is trading for $ 80,703 at the time of writing this report, an increase of 1.4 % in the past 24 hours.
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