A key Bitcoin$BTC bull signal has appeared for the first time in nearly two years, hinting at a potential price surge of over 2x. According to Jamie Coutts, chief crypto analyst at Real Vision, his global liquidity momentum model has flashed a bullish signal, which historically has led to significant price rallies. Coutts suggests that Bitcoin could see a substantial increase, potentially doubling its value, though this depends on global liquidity conditions and the performance of the U.S. Dollar Index (DXY). However, near-term challenges remain, with over $1.4 billion in Bitcoin options set to expire soon.
