The Bitcoin market has recently shown a lackluster performance, but based on some key indicators, we may be about to see a significant upward trend.



Data analysis shows that there is a negative correlation between Bitcoin price and USD interest rates, with a correlation coefficient of -0.33. This means that when interest rates fall, the price of Bitcoin tends to rise. More notably, Bitcoin has a strong positive correlation with the money supply (M2), with a correlation coefficient as high as 0.75.

Considering the potential interest rate cut window that may emerge next month, these factors together suggest that Bitcoin may soon enter a new upward cycle. A shift in monetary policy could become the key catalyst for triggering a rise in Bitcoin's price.

However, investors still need to be cautious. While these indicators provide valuable insights, the high volatility of the cryptocurrency market means there is no absolute certainty. Closely monitoring market dynamics and macroeconomic factors will be key to formulating sound investment strategies.

Overall, the current market environment seems to be creating favorable conditions for Bitcoin. With the increased expectations of interest rate cuts and changes in the money supply, we may soon see significant movements in the Bitcoin market.
BTC-2.67%
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SnapshotStrikervip
· 20h ago
I'm tired of hearing it; whoever is in charge loses.
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SellTheBouncevip
· 20h ago
It's another season for playing people for suckers... Let it fall and then buy again.
View OriginalReply0
MetamaskMechanicvip
· 20h ago
Stop researching correlation coefficients... just go wild!
View OriginalReply0
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