Bitcoin’s next big price catalyst is just days away. On March 14, the U.S. government’s debt suspension period ends, potentially releasing billions into financial markets. Cointelegraph reports that since the Treasury hit its $36 trillion limit on January 20, Bitcoin has plunged 22%, dropping from $106,000 to around $82,500. With government spending about to resume, analysts say fresh liquidity could set off Bitcoin’s next rally.
Analysts See Potential for Bitcoin to Hit $132K
Crypto bulls are expecting a BTC price surge. Ryan Lee, chief analyst at Bitget Research, told Cointelegraph that past liquidity injections have fueled Bitcoin rallies. Jamie Coutts, chief crypto analyst at Real Vision, predicts Bitcoin could skyrocket past $132,000 before the year ends if money supply expansion continues. Some even see six-figure price targets on the horizon.
Trade Tensions Could Stall Bitcoin’s Growth
Not everyone is…
