Basri Caneri 
The countdown has begun for Bitcoin investors. The expansion of liquidity in global markets and the weakening of the US dollar could herald a sharp move in the Bitcoin price in the coming weeks. According to analysts, a strong bullish wave in Bitcoin is expected around March 25.
Weakening US Dollar Supports Bitcoin
The latest market data shows that the US Dollar Index (DXY) is about to break below 104. This indicates that the dollar has fallen to its lowest level in the last four months. Andre Dragosch, Head of European Research at Bitwise Asset Management, stated that this decline in the US dollar has increased the global money supply and could take it to new highs.
Dragosch described this development as “the most bullish signal you can see today ” and stated that a significant acceleration in Bitcoin’s price movement could be seen in the short term.
March 25 Scenario in Bitcoin Price
Crypto analyst Colin Talks Crypto notes that when he analyzes Bitcoin’s past price movements, the increase in the global M2 money supply is directly related to Bitcoin bull markets. According to the analyst, the current liquidity surge heralds a new bullish wave for crypto and risky assets.
Colin Talks Crypto stated that March 25th could be an important turning point for Bitcoin, expecting a major rally in stocks and crypto markets.
Is a Rally on the Way for Bitcoin?
Bitcoin’s price could find strong support with the expansion in the global money supply, the weakening of the US dollar and possible Bitcoin moves by the US government. If there is a big move around March 25, as analysts predict, this could be the start of a new bull run.
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