If the correlation holds up, Bitcoin price could trail the liquidity index to above $110,000 by January 2025, with a potential correction below $70,000 next.
Bitcoin has entered the “parabolic phase” of the market cycle, as analysts point at a local top of above $110,000 before the end of January.
Bitcoin price (BTC) could rise above $110,000 before the end of January based on its correlation with the Global Macro Investor’s Total Liquidity Index, which offers an aggregate view of all major central bank balance sheets.
The $110,000 price tag is just a “local top” for the current Bitcoin cycle, wrote Raoul Pal, founder and CEO of Global Macro Investor, in a Nov. 29 X post:
