If we look at the Power Law chart we will see that BTC is sitting at the wave low within a converging wedge that started 20 JAN 2025. M2 global liquidity chart is showing that there is ample liquidity for BTC to track much higher. Based on previous cycle leg up volumes, it is within the realm of possibility to see BTC achieve 220k by the middle of SEP 2025.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.