Bitcoin has been experiencing fluctuating prices, ranging between $93k and $96k. Still, Ted Boydston, a well-known crypto commentator, predicts a significant price increase is imminent. He believes Bitcoin's value could soar to $225k soon.
Boydston bases his optimism on the M2 money stock oscillator, which recently flashed a buy signal. This tool analyzes liquid cash in circulation and has consistently provided accurate buy and sell signals for traders. Boydston suggests that this indicator signals the start of a new bull run for Bitcoin.
The M2 oscillator chart, shared on social media, hints at an impending price surge after displaying a buy signal. Historically, except for the 2016 cycle, this chart has accurately predicted Bitcoin's performance. Boydston argues that if the pattern holds, we could witness increased volatility and an upward price trend for Bitcoin.
With analysts initially targeting Bitcoin to hit $100k, reaching this mark has prompted new predictions, with Boydston aiming for $225k. His forecast resonates with those of other crypto analysts, making it a plausible scenario as Bitcoin enters its manic phase.
