Bitcoin To ‘Brutally Bleed Lower’ Or Break New ATH In Q2, Expert Warns

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Bitcoin To ‘Brutally Bleed Lower’ Or Break New ATH In Q2, Expert Warns - NewsBTC

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Global liquidity is ready to inflect that will re-invigorate the derivatives market (4x Spot), potentially jettisoning Bitcoin to new ATHs by May (or end of Q2 for extra padding).” Another key insight from Coutts centers on the Global Liquidity Index, which he says has been in contraction for an unprecedented stretch.

Related Reading: The Fed Blinked — The Bitcoin Bull Run Return Is Now Inevitable Assessing the market’s present risk level, Coutts points out that Bitcoin’s DRS metric has slid into the "low-risk quantile,” a zone he says offers minimal predictive power for future prices."So, where are we now?

Citing his new Bitcoin Derivatives Risk Score (DRS) model, Coutts contends the leading cryptocurrency’s price faces one of two sharp outcomes: a severe downturn or a surge to new all-time highs (ATH).