Bitcoin Poised for Its Biggest Bull Run Yet, Analyst Predicts

Bitcoin's price has been fluctuating around $94,000, following a recent all-time high of $108,200.

Despite this dip, many seasoned investors believe this is just a temporary phase, with one analyst predicting that Bitcoin is poised for an even greater rally. Ted Boydston, a prominent crypto analyst and engineer, has shared his bullish outlook for Bitcoin, citing a key economic indicator—the M2 money stock—that may signal a major bull run is on the horizon.

Except for the 2016 Bitcoin cycle, a price oscillator on M2 has provided well timed buy and sell signals.

The oscillator recently flashed a buy. If history rhymes, this means money printing and Bitcoin’s manic phase should start soon. pic.twitter.com/61RpHYudIw

— Ted Boydston (@tboydsto) December 28, 2024

Boydston points to the M2 price oscillator, which tracks the liquidity of assets like cash and checking deposits, as a key factor in this prediction. The oscillator has recently shifted into the green zone, indicating a “buy” signal. Historically, these signals often precede significant money printing events, which could trigger the next Bitcoin surge. Although there was an anomaly in 2016 where similar signals didn’t materialize due to the Bitcoin halving, Boydston remains confident that the upcoming rally will push Bitcoin past its previous all-time high.

Bitcoin’s price target is now shifting from the previously anticipated $100,000 to even higher figures. Boydston’s analysis suggests that Bitcoin could reach $225,000, aligning with the pattern observed in previous market cycles where the price peaks near the 0.382 Fibonacci retracement level. Some analysts even predict Bitcoin could hit this milestone by mid-2025, with a potential altcoin season following shortly after.

With the growing belief in Bitcoin’s upward momentum, investors are watching closely for signs of this market shift. While many analysts expect a bullish trajectory, caution is advised, as the market remains unpredictable. Strategic planning and technical analysis will be critical in navigating the market’s fluctuations and making the most of this potential opportunity.

Author

Alexander Stefanov

Reporter at CoinsPress

Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.