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Bitcoin 
$108,972 is currently trading around $94,000, following its peak of $108,200 last week. Market experts assert that this decline is temporary and signals an approaching bull market. Analyses based on the M2 money supply oscillator predict that the largest Bitcoin rally is imminent.
Connection Between M2 Money Supply and Bitcoin
Crypto analyst and engineer Ted Boydston shared a striking forecast regarding Bitcoin’s future price movements. Boydston indicated that the M2 money supply oscillator is providing a strong buy signal for Bitcoin. The M2 money supply is known as a broad financial indicator encompassing cash, checking accounts, and savings accounts.
According to Boydston’s analysis, when the M2 oscillator enters the buy zone, it typically triggers periods of significant money printing. This scenario supports the “manic periods” when Bitcoin historically reaches its highest levels. Based on historical data, Boydston predicts that the price of Bitcoin could rise to $225,000, with these forecasts being validated by Fibonacci retracement levels.
Expectations for a $225,000 Target and Altcoin Season
Long-term targets for Bitcoin include figures like $150,000 and $1 million. However, Boydston emphasizes that $225,000 is a realistic target in the current cycle. The renowned analyst believes that following this level, a significant altcoin season could begin.
This perspective suggests that as Bitcoin’s bull market peaks, market focus may shift towards altcoins. Other experts also indicate that this potential increase in Bitcoin’s price would make the market more attractive to new investors.
Boydston’s predictions point to Bitcoin preparing for a robust bull market. Movements in the M2 oscillator indicate that Bitcoin is approaching its manic period. However, experts caution that investors should remain vigilant and closely monitor market conditions during this process.
If Bitcoin reaches $225,000, significant activity is expected in the cryptocurrency market. The anticipated altcoin season may accelerate investors’ plans to diversify their portfolios. Therefore, adopting a strategic approach is crucial for managing market uncertainties.
