Will Bitcoin Enter Its Most Massive Bull Cycle? This Engineer Thinks So

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As a seasoned researcher and crypto enthusiast with a decade-long journey in the digital asset space, I find myself intrigued by Ted Boydston’s prediction of a potential Bitcoin bull run targeting $225k. While I have seen my fair share of price fluctuations and market predictions, Boydston’s analysis based on the M2 price oscillator catches my attention due to its historical accuracy, except for the 2016 cycle.

The M2 oscillator, as an indicator that considers liquid cash circulation, offers a unique perspective on asset performance, particularly in the crypto niche. I find it fascinating how this technical chart and indicator can potentially provide insights into Bitcoin’s possible direction.

However, as much as I appreciate Boydston’s insight, I must remind myself – and you, dear reader – that the crypto market is unpredictable, akin to a rollercoaster ride on its most exhilarating day. As such, while his prediction seems plausible based on historical data, it would be wise not to ignore it at your own risk!

To lighten the mood, let me leave you with a little humor: Just remember, when it comes to predicting Bitcoin’s price, there are three types of people – those who don’t know and say it’s $20k, those who know it’s more like $200k, and those who know it’s actually priceless!

Despite experiencing some turbulence this week, with its value fluctuating between $93,000 and $96,000, one well-known cryptocurrency analyst foresees a significant price surge coming up.

As an analyst, I’m sharing my perspective based on Ted Boydston’s insights: Over the next few days, it seems prudent to brace ourselves for a frenzied market rally, particularly in relation to Bitcoin, which could potentially reach a price of $225k.

Boydston emphasizes the use of the Price Oscillator on M2, a real-time indicator for traders and investors, providing buy and sell signals. He later clarified that it recently signaled a purchase opportunity. If past trends persist, Boydston anticipates Bitcoin to initiate a price rise, potentially yielding advantages for holders and investors.

Bitcoin And Its M2 Price Oscillator Chart

Known crypto analyst and engineer, Boydston, shares an intriguing perspective on Bitcoin’s recent market movements. Despite a recent drop in its price, he anticipates a significant price rise in the near future.

Apart from the 2016 Bitcoin surge, an oscillator based on M2 has generally given accurate buying and selling tips at opportune moments.

Based on the oscillator’s recent signal, it suggests a potential buy opportunity. If past patterns repeat themselves, this could indicate an increase in money supply and the beginning of a frenzied phase for Bitcoin.

— Ted Boydston (@tboydsto) December 28, 2024

Boydston shared a graph of the M2 Price Oscillator on Twitter/X, suggesting a Buy opportunity. This tool takes into account the circulation of liquid funds such as checking deposits, physical cash (M1), money markets, and savings, offering a unique viewpoint on an asset’s potential movement.

In essence, these technical charts and indicators provide valuable information about potential asset performances, even those in the cryptocurrency sector.

A Bitcoin Bull Run Soon?

Users can locate the oscillator derived from the M2’s PPO in the bottom panel by referring to the provided shared screenshot. The chart shows red for a majority of 2023 and most of 2024, but it starts flashing green or potential buy signals as the year draws to a close.

Bitcoin’s M2 price oscillator is flashing a BUY signal!

With the exception of the 2016 Bitcoin cycle, this indicator has an insane accuracy.

If history repeats, this could signal the start of money printing and another major BTC pump.

Ignore it at your own risk!

— BitcoinHyper (@BitcoinHypers) December 28, 2024

According to Boydston, such a signal frequently triggers an increase in an asset’s price, setting the stage for a prolonged period of rising prices, commonly referred to as a “bull market.

Investors might encounter heightened market fluctuations along with potential growth in Bitcoin value, given this situation unfolds. For quite some time, this technical analysis has served as a reliable guide for traders and investors, providing accurate forecasts, except for the year 2016. The chart didn’t trigger a buy signal during that period, but the price of Bitcoin increased following the halving event.


Bitcoin’s Future Price Action

Initially, cryptocurrency experts predicted that Bitcoin would reach $100,000 several months ago. This milestone was achieved in December, leading many analysts to adjust their forecasts. Some experts are now aiming for a short-term goal of $150,000, while others are speculating that the value could soar as high as $1 million.

According to Boydston’s analysis, his prediction of $225k for Bitcoin appears to be the most plausible and reasonable among many estimates. This is because, during a bullish phase of Bitcoin’s market, a peak forms which coincides with a Fibonacci retracement level of approximately 0.382.

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2024-12-31 02:11