Engineer Predicts Biggest Bull Run Coming Soon for Bitcoin; Here’s All

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As a seasoned researcher with over a decade of experience in financial markets, I have witnessed countless bull runs and bear markets, and I must say that Ted Boydston’s analysis piqued my interest. His use of the M2 money stock indicator, which takes into account both physical cash and checking deposits, provides a unique perspective on Bitcoin‘s price movements.

Historically, such signals have proven to be reliable indicators of major money printing events and Bitcoin’s manic phases, leading to bull runs. However, as I always remind myself and others, past performance is not always an indicator of future results. The 2016 exception serves as a reminder that there can always be outliers.

That being said, if we are indeed on the brink of another Bitcoin bull run, I am excited to see what new heights this cryptocurrency will reach. Some analysts have even predicted prices as high as $225k by June 2025, which would be truly remarkable. But, as always, it’s essential to approach such predictions with a healthy dose of skepticism and cautious optimism.

To lighten the mood, I always like to remind myself that in this world of crypto, anything is possible – even a Bitcoin price prediction of $1M! After all, who would have thought that we’d ever see a single coin trading for over $90k? So, let’s keep our fingers crossed and wait patiently for the next big move. But remember, never invest more than you’re willing to lose – even in the wild world of Bitcoin!

In the past 24 hours, Bitcoin’s recovery has been minimal, keeping its value around $94,000 even after reaching an all-time high of $108,200 just a few days ago. The current Bitcoin price trend is affecting the entire crypto market, but seasoned investors view this as a temporary phase. Notably, an engineer predicts that a significant bull run for Bitcoin might be imminent based on the M2 market indicator.

Understanding the Biggest Bitcoin Bull Run Phase

In his latest tweet, well-known cryptocurrency analyst and engineer Ted Boydston shared an intriguing Bitcoin price forecast, indicating the imminent phase of a Bitcoin bull run. Based on his analysis, a price oscillator has recently appeared on the M2 chart, providing both buy and sell triggers. The M2 money stock analyzes the circulation of liquid cash, encompassing physical currency (M1), checking deposits, savings, money markets, and other similar financial instruments. Given its significance as an economic indicator that impacts all financial markets, including the cryptocurrency market, the M2 money stock is a crucial factor to consider when predicting Bitcoin’s price movements.

The engineer’s predictions align with the same topic: he discusses Bitcoin price fluctuations and global liquidity patterns. Notably, the oscillator based on M2’s PPO is displayed in the lower chart, and it recently triggered a buy signal by moving into the green zone. It’s worth mentioning that past data indicates these signals often precede significant money printing and Bitcoin’s bullish phase, which is famously associated with the Bitcoin bull run.

In the current scenario, investors usually encounter heightened price fluctuations and swift price surges. While this indicator generally performs quite effectively, it had an exception in 2016. At that time, it didn’t trigger a signal because the Bitcoin halving event was primarily responsible for the significant increase in BTC prices.

It’s worth noting that the investor’s predictions remain optimistic, hoping for Bitcoin to recover its footing and break through its all-time high of $108,200 once more.

Expert Bitcoin Price Predictions & Forecasts

Previously, the anticipated peak for Bitcoin (BTC) was set at $100k, but this mark has now been surpassed. As a result, speculation revolves around what further heights BTC may scale. Several crypto analysts predict Bitcoin prices could reach as high as $150k or even $1 million, although Boydston’s analysis offers a more reasonable expectation of Bitcoin potentially reaching $225k.

Boydston discusses the manic phase of a bull market for Bitcoin, where each cycle typically sees a peak near the 0.382 Fibonacci retracement level. If this trend holds true for the current cycle, it suggests a potential Bitcoin price target of $225,000 during the Bitcoin bull run. Similarly, another crypto analyst has proposed a similar forecast and believes that the Bitcoin price could hit $225,000 by June 2025. It’s also worth noting that this analyst anticipates a significant rise in altcoins following that period.

Such shared perspectives significantly boosted the chances of it becoming a reality. Another perspective zeroes in on Tether’s position, which currently faces challenges due to its shrinking circulating supply as a result of Europe‘s Tether Ban.

Final Thoughts

According to Ted Boydston’s team of analysts, their Bitcoin price forecast points towards a potential bull market for this digital currency. The M2 signal suggests that Bitcoin’s aggressive phase is about to start soon. Notably, another crypto expert has also provided estimated timelines, suggesting that the Bitcoin rally could push the BTC price up to $225k by June 2025. This prediction might fulfill the aspirations of numerous investors. However, it’s crucial to exercise caution and strategic thinking since various factors could disrupt this trajectory. Ultimately, conducting technical analysis and making astute decisions are what generate profits, not relying solely on analyst predictions, as they can change over time and differ from one person to another.

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2024-12-29 03:42