Bitcoin will skyrocket within 10 days

Tedtalksmacro analyst made a very bold and optimistic forecast regarding the Bitcoin price in the short term. In his opinion, in exactly 10 days the macroeconomic environment in the United States will allow Bitcoin to again show an upward rally.

The expert noted that the correlation between Bitcoin and the liquidity of the Federal Reserve System has always surprised him. He presented a graph showing that the highs and lows of Bitcoin's value coincide with local peaks and troughs in Fed liquidity.

According to the chart, the last historical maximum at $73,000 in mid-March of this year was simultaneously accompanied by a surge in liquidity. According to the analyst, the forecast is based on macroeconomic data at his disposal, and liquidity is calculated based on the regulator's asset cluster, repo markets and information from the treasury.

In addition, Tedtalksmacro linked the current decline in inflows into spot Bitcoin ETFs to a lack of liquidity in the markets and emphasized that the trend has changed since significant inflows into Bitcoin exchange-traded funds in early June.

Wall Street has seen classic net outflows over the past four trading sessions, with four-day fund outflows topping $700 million, according to investment firm Farside Investors.

Whether the financial analyst’s forecast will come true will become known in 10 days. But he did not specify how much the rate of the first cryptocurrency will increase.