A popular crypto strategist says that a confluence of macro -economic factors is bullish for Bitcoin (BTC).
Pseudonym Techdev tells his 517,800 followers on the social media platform X that the Bitcoin Bull market is not yet over on the basis of an arrangement with a rising global liquidity and a ground companies.
Global liquidity measures the amount of money that is dashing in the financial system of the world, while the business cycle refers to the rise and decrease in economic activity over time.
According to the crypto trader, Bitcoin tends witness The most explosive part of his bull market when global liquidity increases to new record heights, just as the economy touches a soil and starts to recover.
“We are at that rare point where the liquidity has restored its outbreak and rises higher …
Exactly as the business cycle soil and vice versa.
Only the third of these setups in the past 12 years.
The other two pushed the crypto market to its steepest legs.
Ignore the sound. “
Looking at the graph of the trader, he seems to suggest that Bitcoin will follow in the footsteps of his 2016 and 2020 bull markets when BTC collected and printed new highlights while the global liquidity rose and the business cycle turned to the top.
At the time of writing, Bitcoin acts for $ 86,635.
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Generated image: midjourney
