Криптовалюты36231
Капитал. рынка$ 3.01T+0.51%
Объём 24ч$ 70.26B+22.2%
ДоминацияBTC57.65%-0.18%ETH11.69%+2.36%
ETH Gas0.03 Gwei
/

Here’s Why Analysts Have Set a $135,000 Price Target for Bitcoin


Anisha Pandey
для CoinEdition

Поделиться:

bullish Bitcoin outlook is shown by a declining US Dollar Index chart next to a rising Bitcoin price chart aiming for $135k.
  • A slumping US dollar and record global liquidity are creating a bullish macro setup for Bitcoin
  • On-chain data shows a historic number of long-term holders are not selling their Bitcoin
  • This convergence of factors has analysts setting price targets of $135,000 and higher

As the United States dollar slumps to a three-year low and long-term holders tighten their grip on the Bitcoin supply, market conditions appear primed for a new leg up. With Bitcoin holding firm above the $107,000 mark, analysts are pointing to a powerful convergence of macroeconomic weakness and strong on-chain fundamentals that could fuel a rally toward $135,000 and beyond.

CoinMarketCap data shows that Bitcoin is trading above the $107K mark, holding firms above $100K amid a convergence of macroeconomic weakness and unprecedented long-term holding behavior.

Dollar Weakness and Liquidity Surge

According to crypto analyst Lark Davis, the US Dollar Index (DXY) has just slumped to a three-year low, down 11% year-to-date. Simultaneously, global M2 money supply–essentially the total liquidity in the economy–has hit fresh all-time highs. 

Historically, this environment of abundant liq…

The post Here’s Why Analysts Have Set a $135,000 Price Target for Bitcoin appeared first on Coin Edition.

Читать материал на CoinEdition

В этой новости

Монеты

$ 86.92K

+0.26%

$ 0.00...361

$ 0.035

$ 1.58


Поделиться:

В этой новости

Монеты

$ 86.92K

+0.26%

$ 0.00...361

$ 0.035

$ 1.58


Поделиться:

Читать больше

Crypto News: US Congress Gambles on Zero-Budget Task Force After Americans Hemorrhaged $10B to Scams

Crypto News: US Congress Gambles on Zero-Budget Task Force After Americans Hemorrhaged $10B to Scams

Key Insights: US Senator Jerry Moran made crypto news by introducing legislation that...
Gold, silver shine in debasement trade as bitcoin is left behind

Gold, silver shine in debasement trade as bitcoin is left behind

JPMorgan analysts in October said investors betting on currency devaluation would lif...

Here’s Why Analysts Have Set a $135,000 Price Target for Bitcoin


Anisha Pandey
для CoinEdition

Поделиться:

bullish Bitcoin outlook is shown by a declining US Dollar Index chart next to a rising Bitcoin price chart aiming for $135k.
  • A slumping US dollar and record global liquidity are creating a bullish macro setup for Bitcoin
  • On-chain data shows a historic number of long-term holders are not selling their Bitcoin
  • This convergence of factors has analysts setting price targets of $135,000 and higher

As the United States dollar slumps to a three-year low and long-term holders tighten their grip on the Bitcoin supply, market conditions appear primed for a new leg up. With Bitcoin holding firm above the $107,000 mark, analysts are pointing to a powerful convergence of macroeconomic weakness and strong on-chain fundamentals that could fuel a rally toward $135,000 and beyond.

CoinMarketCap data shows that Bitcoin is trading above the $107K mark, holding firms above $100K amid a convergence of macroeconomic weakness and unprecedented long-term holding behavior.

Dollar Weakness and Liquidity Surge

According to crypto analyst Lark Davis, the US Dollar Index (DXY) has just slumped to a three-year low, down 11% year-to-date. Simultaneously, global M2 money supply–essentially the total liquidity in the economy–has hit fresh all-time highs. 

Historically, this environment of abundant liq…

The post Here’s Why Analysts Have Set a $135,000 Price Target for Bitcoin appeared first on Coin Edition.

Читать материал на CoinEdition

В этой новости

Монеты

$ 86.92K

+0.26%

$ 0.00...361

$ 0.035

$ 1.58


Поделиться:

В этой новости

Монеты

$ 86.92K

+0.26%

$ 0.00...361

$ 0.035

$ 1.58


Поделиться:

Читать больше

Crypto News: US Congress Gambles on Zero-Budget Task Force After Americans Hemorrhaged $10B to Scams

Crypto News: US Congress Gambles on Zero-Budget Task Force After Americans Hemorrhaged $10B to Scams

Key Insights: US Senator Jerry Moran made crypto news by introducing legislation that...
Gold, silver shine in debasement trade as bitcoin is left behind

Gold, silver shine in debasement trade as bitcoin is left behind

JPMorgan analysts in October said investors betting on currency devaluation would lif...