news 
5 Signals That Show Most Bullish Bitcoin Setup Since 2020
Bitcoin could be poised for a massive breakout as multiple bullish signals are flashing green. According to Swan analysts, the current setup is potentially the most encouraging since 2020.
Firstly, it appears that gold, once considered a safe-haven asset during times of economic uncertainty, has reached an all-time high and is now taking a breather. This recent surge in gold’s value, combined with Bitcoin’s recent upswing, suggests that market participants may be seeking alternative stores of value.
Secondly, liquidity has started to rise for the first time since 2021. The St. Louis Fed data highlights a significant increase in M2 money supply, indicating a softening financial landscape and potentially fueling a bullish run. Historically, every major Bitcoin bull market has followed this pattern: expanding money supply, easing financial conditions, and waning trust in fiat currencies.
Thirdly, the CBOE Volatility Index (VIX) has dropped significantly since March 2020 levels. This suggests that uncertainty is still present in the markets but has been alleviated to some extent. Bitcoin often thrives during times of high market uncertainty as it provides a hedge against inflation and other economic risks.
Fourthly, data from MVRV ratio indicates that the cryptocurrency’s market value has surpassed its realized value. According to Swan analysts, this is an ominous sign, as it has historically marked the start of every major Bitcoin bull market.
Lastly, interest rates are expected to decline by 75 basis points within one to two months, which could have a profound impact on the asset. Every 25 basis point decrease in rates would translate to approximately a 10% increase in Bitcoin’s price, according to Peterson. With rates falling at an unprecedented pace, the potential upside for BTC is substantial.
In light of this data, it appears that the cryptocurrency may be poised to experience a significant upswing. As of now, Bitcoin has already surpassed $98,000 and is closing in on $100,000, marking its highest level since February 21.
Source: https://cryptopotato.com/5-signals-that-show-most-bullish-bitcoin-setup-since-2020/
