In recent weeks, analysts have noted numerous factors indicating the possibility of significant growth in the price of Bitcoin. Let's explore the main ones.
Optimistic Predictions for Bitcoin
Analysts from financial firm Swan noted on May 3 that the current market situation for Bitcoin could be the most bullish since 2020. They specifically pointed out that gold, a traditional safe haven, has surged 30% this year but is currently correcting slightly, while Bitcoin showed a growth of 4%. 'Every time BTC starts catching up, it often marks the beginning of something bigger,' they stated.
Liquidity Increase as an Indicator
According to data from the St. Louis Fed, the M2 money supply has increased by 4% over the past year, indicating a rise in liquidity on a global scale. 'Every major Bitcoin bull market has followed this pattern: expanding money supply and softening financial conditions,' the analysts claimed.
Interest Rate Impact on Bitcoin Price
At current levels, a 25 basis point decline in interest rates equates to roughly a 10% increase in Bitcoin price. If the pace of rate decreases continues, Bitcoin could reach $130,000 in the coming months.
Based on the analysis of current trends, it can be concluded that the likelihood of Bitcoin's price growth in the future is high. Key factors such as liquidity growth and declining interest rates serve as important indicators for this.
