Bitcoin’s Blistering Ascent: How High Can it Go?

by
  • That frightfully clever Stock-to-Flow Model is hinting that the top is still a distant dream, old chap 🚀
  • All the Bitcoin signals are flashing a ravishing green, like a debutante’s tiara 💚

As Bitcoin hovers tantalizingly close to its ATH, the market is abuzz with the question on everyone’s lips: what’s next for the world’s largest cryptocurrency? 🤔

According to that ingenious Stock-to-Flow (S2F) model, the current cycle still has plenty of room for growth, darling. In fact, history has shown that Bitcoin’s price has a delightful habit of coinciding with the S2F curve, which is now hinting at a potential price hike 📈.

As it stands, Bitcoin is still lagging behind the forecasted trend, which means the cycle peak might not have been reached yet, sweetie. The plot of error further suggests that BTC may be undervalued, with respect to the model 🤷‍♀️.

If history repeats itself (and it usually does, darling), Bitcoin might gain significantly before its peak 🚀.

A Flash of Bullish Signals

Apart from the top being a distant dream, Bitcoin has turned decidedly bullish lately, old bean. In fact, BTC has broken above a long-term downtrend, one that previously acted as resistance, having confined the price since late-2024 📊.

Following the breakout, the crypto managed to retest this zone twice at the price of about $10ok, each time, as support. This alludes to the legitimacy of the breakout, don’t you agree, dear? 🤝

Additionally, the bullish retest was accompanied by a thrilling MACD reversal, whereby the MACD line crossed the Signal line three times in the last three months. Each time, this has led to an uptrend in the price 📈.

The crypto’s latest crossover corresponded to the thrust up to $109k. Its histogram bars also reinforced bullish momentum across the board 📊.

Finally, the shift across the MACD highlighted the little selling pressure against previous selling pressure. When combining all these signals, it would mean that the sentiment in the market has reversed in favor of the bulls 🐂.

In fact, Bitcoin might have a chance to revisit old highs and break new price grounds beyond the existing ones 🚀.

Rising Global Liquidity Meets Aggressive Buying

But wait, there’s more, darling! The wave of liquidity is rising sharply, as the Global M2 chart denotes. M2 has always preceded the rallies of Bitcoin, don’t you know? 📊.

The fact that the press time dislocation places Bitcoin behind M2 by around 11 weeks implies that the crypto market may be ready to play catch-up. Especially as long as liquidity continues to trend higher 📈.

To support this possibility, Binance registered a hike in its net taker volume beyond $100 million, as per CryptoQuant. Such an uptick hints at signs of bullish buying activity pre-U.S Non-farm Payrolls data 📊.

Now, most historical trends indicate that Bitcoin may steadily continue its ascent, similar to that of M2. However, the aforementioned stagnation implies that there may be some apprehension on the part of investors 🤔.

An extended liquidity twitch as well as forceful macro-economic cues may wake up a new Bitcoin boom 💥.

Watching on-chain movements and macro indicators will be necessary to determine which way the market goes in the short and medium term, old chap 🔍.

Read More

2025-07-04 20:12