Crypto Alert: INSANE Setup Right Now!

MoneyZG

Market Update

The current market price action looks fantastic, with a potential break to the upside.

  • The price is testing the all-time high resistance level.
  • A bull market typically breaks through resistance levels, and the current price action is following this pattern.
  • The RSI is showing a bottoming pattern, indicating potential strength in the market.

Bitcoin Price Prediction

The base case for this year is a 50-150% move to the upside, with a potential target of $250,000.

  • The price may reject again, but the overall trend is bullish.
  • The demand for Bitcoin is increasing, with TradFi investing in the asset.

Economic Outlook

The central bank cycle is not near its end, and the market is expecting a dovish scenario.

  • The bond market is pricing in a hawkish scenario, but this could easily flip to dovish.
  • The US government is trying to cut spending, which could lead to a financial crisis if not balanced with private sector credit creation.

Credit Creation

The president is encouraging banks to create credit, which is good for risk assets.

  • Credit creation is necessary to offset the reduction in government stimulus.
  • The private sector needs to step up and create economic growth to match the cut in government spending.

Money Supply Growth and Inflation

Money supply growth is bouncing from the lows, but not overheated.

  • Inflation is coming down, which is good news for risk assets.
  • The central bank is likely to get easier if inflation comes down, lifting risk assets.