{"id":572157,"date":"2024-01-29T23:00:33","date_gmt":"2024-01-29T23:00:33","guid":{"rendered":"https:\/\/wncen.com\/?p=572157"},"modified":"2024-06-11T07:02:23","modified_gmt":"2024-06-11T07:02:23","slug":"expert-reveals-key-macro-indicators-for-bitcoin-a-roadmap-to-next-rally","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/expert-reveals-key-macro-indicators-for-bitcoin-a-roadmap-to-next-rally\/","title":{"rendered":"Expert Reveals Key Macro Indicators For Bitcoin: A Roadmap To Next Rally?"},"content":{"rendered":"
Bitcoin advocate and CEO of Jan3, Samson Mow, has pinpointed<\/a> a range of macroeconomic indicators that could signal an impending rally for Bitcoin. Mow focuses on exchange-traded inflows (ETF), Bitcoin\u2019s Hashrate, and whale activity on prominent exchanges like Bitfinex.<\/p>\n The Jan3 CEO also mentioned the 200-week moving average (WMA) in forecasting Bitcoin\u2019s trajectory. The recent data shared by Cypherpunk on X highlighting significant whale accumulation on Bitfinex further supports Mow’s Bitfinex whale indicator, suggesting an increased interest from large-scale investors in the flagship crypto.<\/p>\n This is some great alpha from @Excellion<\/a>. You can see for yourself that the whales on #Bitfinex<\/a> are accumulating #Bitcoin<\/a>. Decide what you want to do with that information. \ud83d\ude80 https:\/\/t.co\/IHjrqUvrDn<\/a> pic.twitter.com\/FS518AIYoz<\/a><\/p>\n \u2014 CYPHERPUNK (@cypherpunkstore) January 29, 2024<\/a><\/p><\/blockquote>\n Mow also looks beyond the crypto-specific data, considering global economic factors like Tether\u2019s USDT Assets Under Management, government debt payments, and Debt-to-GDP ratios. The Bitcoin advocate believes these factors, along with nation-state adoption of Bitcoin, real inflation rates, and M3 money supply, could profoundly impact Bitcoin\u2019s performance<\/a>.<\/p>\n These are the #Bitcoin<\/a> macro indicators I\u2019m looking at:<\/p>\n \u2b06\ufe0f ETF inflows \u2014 Samson Mow (@Excellion) January 28, 2024<\/a><\/p><\/blockquote>\n Notably, Samson Mow has remained steadfast in his ambitious prediction for BTC, maintaining a $1 million price target for the crypto. Mow recently cautioned about the potential ‘max pain<\/a>‘ accompanying a rapid ascent of Bitcoin to this monumental valuation<\/a>.<\/p>\n\n
Broader Economic Indicators<\/h2>\n
\n
\n\u2b06\ufe0f Hashrate
\n\u2b06\ufe0f Finex whale accumulation
\n\u2b06\ufe0f 200 WMA trend
\n\u2b06\ufe0f Tether USDt AUM
\n\u2b06\ufe0f Govt interest payments on debt
\n\u2b06\ufe0f Debt GDP ratios
\n\u2b06\ufe0f Nation-state Bitcoin adoption
\n\u2b06\ufe0f Real inflation
\n\u2b06\ufe0f M3 money<\/p>\n