What’s behind the optimistic forecast?According to an analyst called Titan of Crypto, Bitcoin’s price could reach $137,000 due to a combination of technical and macroeconomic factors. The most important factors include the US Treasury’s $500 billion liquidity injection, which has significantly increased the money supply in the market.
The reduction in the Treasury General Account (TGA) balance – from $842 billion to $342 billion – has resulted in the Fed’s net liquidity increasing to $6.3 trillion. If political uncertainty continues at the current pace, this figure could rise to $6.6 trillion by August.
The colours on the chart are inverse/confusing