Summary: Bitcoin is expected to experience a significant increase in value based on a comprehensive analysis of the MACD applied to US M2 Money Supply and Chinese 10-year Treasury Bonds. Historical data shows that a bullish crossover between these indicators has historically led to major Bitcoin bull runs. The chart analysis suggests that Bitcoin could rise to around $380,000 per Bitcoin. This projected increase in value is driven by macroeconomic factors such as fluctuating monetary supplies and bond yields. The connection between global financial markets and cryptocurrencies is becoming increasingly evident.
- Content Editor ( cryptonewsland.com )
- 2024-09-13
Bitcoin Set for Major Surge as Key Indicators Signal Upcoming Bull Run