Analysts say that the unification of the broader bitcoin is likely to continue without a clear catalyst
The following penetration of Bitcoin is likely to require more than just liquidity growth, as analysts question its effect.
Bitcoin (BTCIt may remain in the merger where analysts wonder whether the growth of liquidity alone can lead a gathering, noting that although global liquidity often rises beside the BTC price, the connection may not be strong as some traders think.
in X post On Friday, March 28, Matrixport analysts noticed that when the central banks expand the width of the money, some of these liquidity flow eventually to the encryption markets. However, they warned that this does not guarantee the high prices of bitcoin, because the relationship lacks a strong theoretical basis.
“Although there is a delay between the growth of cash supply and the price of bitcoin, there is no strong theoretical basis for the reason that this is constantly 13 weeks – the time frame that currently provides the best optical connection.”
Matrixport
Analysts also warned that comparing the price of bitcoin with global liquidity may be misleading because both the time series “is unstable-it is heading over time-which can distort the correlation analysis and lead to false results.”
Now, without a clear catalyst, the Bitcoin price can continue to move sideways, Matrixport said, adding that regardless of events such as the US presidential election last year, the encrypted currency was often circulated. While some traders still see liquidity trends as a major indicator, analysts argue that encryption factors or macroeconomic policies may still be more useful.
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