- Cryptocurrency analysts believe that the selling pressure in the crypto market has ended, suggesting a potential Bitcoin (BTC) rally.
- Analysts pointed out the influence of US elections and the increase in global liquidity, presenting optimistic signals for the future.
- Matthew Sigel, Head of Digital Asset Research at VanEck, stated in a CNBC interview that the selling pressure has diminished and Bitcoin is entering a bullish phase post-halving.
Discover why experts are optimistic about Bitcoin’s future amidst rising global liquidity and upcoming US elections.
Bitcoin’s Selling Pressure Subsides
Recent data indicates that significant selling pressure on Bitcoin (BTC) has come to an end. Analysts suggest that with the cessation of large-scale sell-offs, there will be an increase in liquidity, paving the way for a new market cycle.
Global Liquidity Trends and Their Impact
Francesco Madonna, CEO of BitVaulty, highlighted in a recent discussion that global liquidity is beginning to rise. He noted, “Global liquidity has started to increase, and a pattern is forming.” This uptick in liquidity is viewed by many as a precursor to a bullish phase in the cryptocurrency market.
Renowned trader Kook echoed this sentiment, associating the rise in global liquidity with an impending bull run. He speculated that 2025 might witness one of the largest bull markets to date, should the current trends continue.
The Role of US Elections in Crypto Movements
Matthew Sigel emphasized the significance of the upcoming US presidential elections on the cryptocurrency sector. He mentioned that historical data suggests Bitcoin often reaches peak levels during such pivotal moments. Sigel stated, “We are buyers here; we genuinely believe it can recover. History shows Bitcoin peaks around such times.”
Future Outlook and Market Predictions
Investment strategist Lyn Alden pointed out during a podcast that global liquidity has been stable for the past two years, explaining the lack of volatility in Bitcoin prices. Alden remarked, “It makes perfect sense that Bitcoin isn’t fluctuating much.” Nonetheless, she believes the increase in liquidity could drive the crypto market towards a bullish trend, potentially pushing Bitcoin past its all-time high of $73,680.
Conclusion
The consensus among experts is clear: the diminished selling pressure and rising global liquidity are harbingers of a bullish phase for Bitcoin. Coupled with the upcoming US elections, the current market environment presents a promising outlook for the leading cryptocurrency. Investors are encouraged to stay informed and conduct thorough research before making any investment decisions.
