• A global liquidity cycle could lead to improved BTC prices according to recent data.
• Despite Bitcoin showing bullish signs, traders continue to remain bearish against BTC.

Bitcoin’s [BTC] rising prices have led to massive amounts of speculation amongst the crypto community. Although some traders are skeptical about the increasing BTC prices, some data suggests there’s more positivity on the way.

Read Bitcoin’s Price Prediction 2023-2024

According to Delphi Digital, the 75% spike Bitcoin witnessed over the last few months could indicate that the global markets are entering into a new liquidity cycle.

A new global liquidity cycle refers to a period where there is a significant increase in the availability of money and credit in the global financial system.

This can be due to factors such as central bank policies, government stimulus programs, and increased investor confidence.

If the market enters a new global liquidity cycle, it could potentially have a positive impact on the value of BTC. This is because increased liquidity and credit availability can lead to higher investment activity and asset prices, which could drive demand for BTC.

Taking things positively

Another positive indicator for BTC would be its MVRV ratio. According to data provided by  CryptoQuant, there is a likelihood that BTC could enter another bull run.

In January 2023, the MVRV ratio for Bitcoin broke the 1.5 level, indicating the sta

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Author: Himalay Patel

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