Table of contents
- Global liquidity appears to be on the verge of uptrend: TechDev
- Bitcoin’s $140,000 cost range ‘roughly right’ – TechDev
If one key indicator continues to follow historical data, according to a well-known crypto analyst, Bitcoin (BTC) will experience a significant rise to the upside. By pitting the Chinese 10-year bonds (CN10Y) against the US dollar index (DXY), the fictitious analyst TechDev reveals to his 416,400 Twitter followers that he is keeping a close eye on global liquidity cycles. The investigator further explains worldwide liquidity cycles by setting the measurement against the total significant national bank accounting report, which tracks the cash printing exercises of hold banks all over the planet.
Global liquidity appears to be on the verge of uptrend: TechDev
Global liquidity appears to be on the verge of an uptrend as major central banks expand their balance sheets, as TechDev shared a chart. The diagram additionally shows that Bitcoin appears to intently continue in the strides of worldwide liquidity, recommending that BTC will see fast cost speed increase in the months to come. Bitcoin appears well-positioned to reach TechDev’s logarithmic growth curve (LGC) by 2025 or earlier if this trend continues. LGCs are made to ignore short-term volatility and estimate Bitcoin’s long-term highs and lows.
Bitcoin’s $140,000 cost range ‘roughly right’ – TechDev
TechDev says the upper bound of the LGC is reasonable in the $100,000-$140,000 cost range. “But naturally, that’s only a very rough approximation based on the particular impulse steepness and parameters of the LGC curve.” With BTC exchanging at $29,186 at season of composing, hitting $140,000 would address an almost 380% cost increment. The largest crypto asset by market cap has lost 0.68 percent in the last 24 hours, but it has gained nearly 0.5 percent in the past seven days. Bitcoin remains almost 58% down from its unequalled high of more than $69,000, which it hit in November 2021.
TechDev likewise takes note of that the three-week altcoin market cap graph is “at its most secure pressure ever,” while Bitcoin’s Bollinger bands width (BBW) drifts somewhat above 0.50, which is a generally low level. Brokers follow the BBW as the measurement could flag a dangerous move, no matter what the bearing, following a time of low unpredictability,
Source: https://www.cryptoknowmics.com/news/crypto-analyst-bitcoin-may-skyrocket-379