These 2 Indicators Suggest Bitcoin Could Soon Double
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Markets are full of complicated gauges, but sometimes the simplest ones deliver the cleanest signal. Right now, the U.S. Dollar Index (DXY) is sliding while the global M2 money supply is swelling, and those two shifts have historically been rocket fuel for crypto assets, particularly Bitcoin (CRYPTO: BTC).At roughly $118,000 per coin, up about 29% so far this year, Bitcoin sits at an inflection point where fresh liquidity and a softer dollar could converge into a powerful updraft, doubling it from here. Understanding these two indicators is key to predicting what might happen next.Across Bitcoin's 16-year history, pronounced dollar weakness has usually coincided with strong upside for the coin.Continue readingWeiter zum vollständigen Artikel bei MotleyFool
Quelle: MotleyFool