The global economy has faced persistent challenges in recent weeks, showing little upward momentum. Both the cryptocurrency and stock markets have been impacted by a mix of factors, including rising geopolitical tensions, inflationary pressures, and overall economic instability in the US and beyond.
Despite these headwinds, Bitcoin has shown resilience and is currently eyeing a potential surge toward $90,000 in Q2. Analysts highlight several key factors fueling this optimistic forecast, suggesting the cryptocurrency could reach new highs in the months ahead, despite ongoing volatility in traditional financial markets.
The asset has struggled significantly during the first three months of the year, failing to replicate the impressive six-figure surge seen in late 2024. Despite repeated attempts, the token has not managed to surpass the $85,000 mark in any meaningful way. However, experts suggest this could change in Q2.
Is Bitcoin Set for a Comeback? Experts Predict a Big Surge
The global market has placed a growing emphasis on the digital asset sector, which has become a significant part of the global financial landscape. While its potential is at an all-time high, it has yet to generate any notable upward price movement.
Bitcoin’s price trajectory might be on the verge of a significant shift. According to a recent analysis, Bitcoin could potentially surge to $90,000 in Q2 for a significant reason. The asset class might finally deliver on its potential and surge.
According to TradingView data, China’s M2 money supply, which measures the total amount of cash, checking deposits, savings, and other liquid assets in the economy, has reached a record high. The figure has hit an unprecedented $326.13 trillion, marking a significant milestone. An increase in M2 money supply typically indicates greater liquidity in the financial system, which can influence lending, investment, and economic growth.
Increased liquidity often leads to more investment in riskier assets, which benefits the cryptocurrency market, particularly Bitcoin. As one analyst noted, “China’s M2 money supply just reached 326 trillion. The money printers are back on, and risk assets are set to skyrocket.”
If China’s M2 supply continues to grow, it could drive Bitcoin higher, as we’ve observed in the past,” said Brickken market analyst Emmanuel Cardozo D’Armas to BeInCrypto. “Currently, Bitcoin is at $85,000, and with further M2 growth, we might see a retest of $90,000.
Also Read: What Could a $3,000 Investment in XRP Be Worth in 15 Years?
Disclaimer
The information in this article should not be considered financial advice, and the OvenAdd platform is intended only to provide educational and general information. Please conduct your own research and consult a financial advisor before making any investment choices.
