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Historical Patterns Suggest Bitcoin Price Rally is Just Around the Corner

16.08.2024 21:00 2 min. read Alexander Stefanov
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Historical Patterns Suggest Bitcoin Price Rally is Just Around the Corner

Jamie Coutts from Real Vision believes Bitcoin (BTC) may be nearing a significant price rally due to favorable market conditions.

Coutts points out that global liquidity is increasing, which historically has signaled bullish trends for Bitcoin. He notes that this rise in liquidity comes as the market is shedding excess leverage and excitement from recent exchange-traded fund (ETF) launches.

He explains that Bitcoin often bottoms out months before a global money supply low and then rallies strongly ahead of liquidity improvements, followed by a mid-cycle correction.

Coutts expects a rise in global money supply due to the nature of the debt-based financial system, where continuous expansion is necessary to sustain existing debt.

Additionally, Coutts highlights the role of the US Dollar Index (DXY) in influencing Bitcoin’s price.

He observes that Bitcoin tends to surge when the DXY falls, as this indicates a weakening dollar, which often results from Federal Reserve actions and increased global liquidity.

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.

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