Catalyst That Historically Fuels Explosive Rallies Could Send Bitcoin Surging to $186,000, Says Jamie Coutts
Real Vision's Crypto Analyst Jamie Coutts believes that a catapult Bitcoin (BTC) can be catapult bitcoin (BTC) who has almost doubled its price in months.
Coutts Says Total global liquidity reaches a new all-time high level of just under $ 140 trillion after a decade of long recession period.
According to Coutts, global liquidity is what “historic fuel exploding rallies of property prices.”
The chief analyst of crypto of real vision Says Total global liquidity is scheduled to continue to climb and it can trigger an increase by nearly 98% in bitcoin prices.
“In the central banks that are clear behind the curve, we can see the global liquidity increase by approximately 10% or $ 13 trillion over the next 12 months. This is equivalent to $ 186,000 BTC using a regression model mixture.
Those held firmly and accumulated during the recent market disturbance should be better for this next to come. “
Bitcoin traded at $ 93,772 at the time of writing.
The analyst of crypto yet Says Bitcoin's volatility levels move in an inversely correlated manner associated with traditional possessions.
“It has become clear to me since 2022 that as the volatility of Bitcoin decreases, what is more noticeable is that traditional possessions are becoming more and more.
That's not the case for bonds and equality -related to Bitcoin. And this has a huge implications for the provision of portfolio assets and construction.
According to the Coutts chart, based on data from the last four months, Bitcoin has recorded a volatility -formal return of -7.12 compared to the S&P 500 index's -45.08. The normal return is a measure of performance that compares to the return of the investment of a possession of its volatility-the high figure, the better the adjective is adjusted.
Since 2022, Bitcoin has recorded a volatility -normal return of 131.89 compared to the S&P 500 index's -37.37.
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