Amidst the decline in global liquidity and market downturns, Bitcoin remains below its all-time highs. However, experts anticipate a reversal.
Why Experts Believe Bitcoin May Reverse Soon
Reports suggest that global liquidity has bottomed, indicating a potential increase soon. Experts highlight an 80% correlation between Bitcoin and global liquidity. This high correlation enhances the likelihood of Bitcoin’s price rising as liquidity improves.
Key Indicators to Watch for a Bitcoin Price Rally
Key indicators to watch include resistance levels, Bitcoin exchanges’ net flow, and technical indicators.
Currently, Bitcoin's price stands at $84,185.01 with resistance levels at $87K, $90K, $92,500, $94K, $95K, and $100K.
Net flow of Bitcoin away from exchanges often indicates long-term investor confidence. According to Coinglass, the Bitcoin exchange balance has decreased by 7184.75 over the week.
Technical indicators such as the 'golden cross', represented by the shorter-term moving average crossing above the $88,254.66 average, compared to the SMA-200 at $86,180.45.
Bitcoin's RSI is at 46.57. An increase in RSI above 50 may suggest growing buyer momentum.
FAQs
**How does global liquidity affect Bitcoin's price?** As global liquidity recovers, Bitcoin prices are expected to rise due to the high correlation between liquidity and Bitcoin's value.
**How much will 1 Bitcoin cost in 2025?** According to Coinpedia’s BTC price prediction, 1 BTC could peak at $169,046 this year if the bullish sentiment sustains.
With global liquidity showing signs of recovery, Bitcoin may be poised for a reversal.
