Bitcoin Breaks Through: Will It Fly or Just Flop? 🚀

by

So, here’s the deal: some people—and by people, I mean analysts—are claiming that Bitcoin’s getting ready for this big rebound. I mean, what is it with these predictions? They’ve got this thing called the Bitcoin Fundamental Index (BFI). It’s like they mixed a fortune teller’s crystal ball with a mathematician’s slide rule. 🤨

Apparently, this BFI indicator is trying to tell us something about liquidity and growth. It’s improving, and Swissblock thinks that’s a sign. More investors are swooping in like it’s a Black Friday sale on cryptocurrencies! 🛍️ “Look at us,” they say, “we’re all about that fresh liquidity!” Yeah, right—when’s the last time any of us cared about liquidity? Sounds like something you’d find in a fish tank.

Here’s the kicker: they say Bitcoin’s liquidity needs to hit 50 for a “clear bullish reversal.” *Clear*, huh? Right now, we’re at 44. So, it’s like waiting for your favorite sitcom to get renewed—you’re on the edge of your seat, but it just might get canceled. 😬 If they’re right, the price could spike up faster than a last-minute hotel booking on New Year’s Eve!

But wait, there’s more. Swissblock is pointing to this increase in the M2 money supply—yes, M2, not M&M! Bitcoin hasn’t been responding to this enough, but now, they say it’s starting to catch up. How sweet of it! Maybe it’s got some kind of inflation radar? What’s next, a Bitcoin therapist? “Let’s talk about your feelings, Bitcoin.” 🙄

Nevertheless, they’re cautiously optimistic—like someone who just got on a rollercoaster for the first time. They’re saying a short-term dip could happen, which sounds like the classic “buy the dip” strategy. You think I’m gonna make a move during a dip? Please, I’ve seen dips that’ll give you whiplash. But hey, if you’re brave enough, go ahead. Just don’t come crying to me when it doesn’t go well.

Read More

2025-04-08 10:04