Coutts' MSI model predicted 19x for BTC and 6x for 2020 during the 17-year cycle, and after 1 year, a bullish signal appeared again, indicating a 2-3x increase, which is what many people previously referred to as BTC reaching 120,000.
Achieving this goal depends on DXY and global liquidity. DXY needs to be well below 101. At the same time, over 1.4 billion USD worth of BTC options will expire on August 16th. Unless BTC can recover to above 60,000, there is still some resistance to reaching this price now.
However, the continuous rise of global M2 may help BTC break through 60,000. In the past
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