Bitcoin price rallies as global liquidity growth accelerates — Analysts

Bitcoin price closely tracks global liquidity, but with tightening credit and rising volatility, its cycle may be nearing a turning point.

Key takeaways:

Bitcoin’s price closely tracks global liquidity growth, with liquidity explaining up to 90% of its price movements, according to Raoul Pal.

In the long term, global liquidity continues to expand, driven by the increasing debt levels in many countries.

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