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Bitcoin Equilibrium Price Predicted at $197k by Global Money Supply Model

Guavy AI Editorial Team
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BTC
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A new global money supply model predicts that Bitcoin's equilibrium price will reach $197k. According to André Dragosch, this is based on the latest data shared by him.

The current market situation shows BTC trading at $83,858.47 within the Bollinger Bands, with upper resistance at $87,457.94 and lower support at $83,248.12. The EMA50 stands at $82,458.16, while the EMA200 is at $77,306.79.

The technical indicators suggest a short-term consolidation before any move towards higher targets. The RSI is neutral at 49.96, and the MACD death cross is at 565.6, signaling a potential shift in market dynamics.

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Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

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