America

Bitcoin

Verge

Jamie Coutts, chief crypto analyst at Realvision, has issued a bullish forecast for Bitcoin, suggesting that BTC is on the verge of a significant rally.
Coutts’ optimism stems from his observation that central banks around the world are easing monetary policy and injecting liquidity into the global economy. He cites a composite global liquidity momentum model that has recently signaled a shift to a bullish regime, similar to the conditions that preceded a 75% Bitcoin rally in late 2023 and early 2024.
In recent weeks, the central banks of Japan and China have provided significant liquidity, helping to expand the global monetary base by $1.2 trillion. Coutts believes this coordinated action, combined with a weaker U.S. dollar, indicates tacit approval from the U.S. Federal Reserve.
Related News: <a href="https://en.bitcoinsistemi.com/bank-of-america-ceo-warns-fed-about-interest-rates/" target="_blank" rel="noopener noreferrer nofollow">Bank of America CEO Warns FED About Interest Rates!</a>
Coutts predicts that based on historical patterns, Bitcoin could rise 2-3x from its current levels, requiring the US Dollar Index (DXY) to fall below 101 amid ongoing central bank interventions and the global M2 money supply to rise above $120 trillion.
Coutts argues that the current monetary expansion is a natural consequence of the credit-based fractional reserve system, arguing that the money supply must continually grow to support outstanding debts or the entire system risks collapse.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/expert-analyst-argues-bitcoin-is-on-the-verge-of-a-significant-rally-reveals-the-conditions/" rel="noopener noreferrer nofollow">Expert Analyst Argues Bitcoin is on the Verge of a Significant Rally: Reveals the Conditions</a>

Expert Analyst Argues Bitcoin is on the Verge of a Significant Rally: Reveals the Conditions

Bitcoin Sistemi EN

Other articles published on Aug 15, 2024

Crypto Market Correction: Bitcoin Slumps To $58K, Ethereum Retests Its $2.6K Level!

Binance Labs Announces Second Cohort of Season 7 Incubation Program: Aarc, FluxLayer, and Ton Ton...

Goldman Sachs Currently Manages $419M in Bitcoin ETFs

Members of Blockchain Caucus Ask Kamala Harris to Focus on Crypto

Analysts Predict Bitcoin’s Potential Price Movements

This is Our NEXT 90 Days Crypto Strategy

Join our free newsletter for daily crypto updates!