The markets are behaving badly again but something feels different this time. Oil is tumbling, the dollar is sliding, and Japan’s central bank is blinking after years of relative calm. All these pieces are falling into place, lining up toward one thing: Bitcoin could very well be getting ready for takeoff up to those $150,000 levels.
The world breathes when oil goes cheaper. Inflation falls to a simmer, the Fed takes its foot off the brake and, all of a sudden, money starts moving again. And where does it go first? Directly into assets that benefit from momentum. Bitcoin’s been waiting for that breakout, and here it is.
The dollar has lost its mojo as well. That’s a win for global investors the cheaper the dollar, the better Bitcoin looks. It’s digital gold but on sale, and everyone likes a sale.
Meanwhile, in Tokyo the Bank of Japan is twitching. A softer yen could drive Japanese investors to chase yield in other markets, even crypto. Japan’s markets are no small matter; even a tiny change there could reverberate around the world.
Put on on all that, and it’s hard not to sense it that hum before a breakout. $150K isn’t just a fantasy now. Perhaps we’ve seen this story play out before. Perhaps we’re going to see it again.
