Bitcoin Forecasted to Reach New All-Time High in 2025 According to Global Liquidity Index
The latest data reveals a 3.29% decrease in the global crypto market cap within the past 24 hours, accompanied by a 1.9% decline in Bitcoin’s price, currently standing at $64,617. This downward trend has led to a continuous outflow of funds from spot Bitcoin ETFs, resulting in a total loss of $140 million over the course of five consecutive days.
The Global Liquidity Index (GLI) has emerged as a key indicator closely associated with Bitcoin’s market movements, suggesting a potential surge in Bitcoin’s value that could propel it to new all-time highs by 2025. Observers are closely monitoring the GLI, with many anticipating a substantial increase in Bitcoin’s price if the trend continues its upward trajectory.
From a technical standpoint, Bitcoin is currently trading below the 50-day moving average but remains above the 200-day moving average. This suggests a possible short-term weakness but indicates long-term strength and resilience. A breakout above the 50-day moving average could drive Bitcoin’s price to $69,000 and potentially surpass its previous peak of $73,808. Conversely, a drop below $64,000 may lead to a decline to $60,365.
Despite a slight decrease in open interest in Bitcoin contracts to $19 billion, the Relative Strength Index (RSI) stands at 39.47, indicating that there is still room for Bitcoin to experience further declines before reaching oversold levels.
The interplay between the Global Liquidity Index and Bitcoin’s price movements is a focal point for market analysts, with many speculating on the potential for Bitcoin to achieve significant gains in the coming years. The ongoing developments in the crypto market underscore the dynamic nature of digital assets and the importance of monitoring key indicators to anticipate future trends and price movements.
As the crypto landscape continues to evolve, investors and enthusiasts are encouraged to stay informed and engaged with the latest market developments. The future trajectory of Bitcoin and other cryptocurrencies remains subject to various factors, highlighting the need for vigilance and strategic decision-making in navigating this rapidly changing market landscape.
