Bitcoin gets March 25 ‘blast-off date’ as US dollar hits 4-month low
BTC Rally on the Horizon as US Dollar Weakens
Bitcoin (BTC) investors may want to prepare for an impending surge, as new analysis highlights favorable shifts in global liquidity trends. Andre Dragosch, the European head of research at asset management firm Bitwise, forecasts a compelling three-week countdown to a potential Bitcoin price rebound, coinciding with a notable decline in US dollar strength.
Recent data indicates that the US Dollar Index (DXY), which assesses the dollar’s performance against a variety of foreign currencies, is on the verge of dropping below 104. This level represents the lowest point for the dollar since the start of November last year. Dragosch shared his insights on X, noting, “If this trend continues like that, global money supply will soon reclaim new all-time highs,” and highlighted the DXY as “the most bullish chart you will see today.” These developments have sparked optimism among Bitcoin enthusiasts and market analysts alike.
Despite a new US administration taking office, the dollar has struggled to achieve significant gains, burdened by persistent trade tariffs that negatively impact sentiment toward risk assets. Analyst Colin Talks Crypto has also pointed to a rebound in the total M2 money supply—a key indicator of cash and cash-equivalents within the economy—for signals of a Bitcoin breakout, commenting, “The rally for stocks, bitcoin, crypto is going to be epic.” He specified March 25th as an approximate date for heightened activity.
Increased Odds for Bitcoin Reserve Initiative
As the countdown continues towards potential price movements, Bitcoin and altcoins could see a substantial boost even before the anticipated date. A major development is on the horizon: on March 7, President Donald Trump is set to host the first White House Crypto Summit, where Commerce Secretary Howard Lutnick has suggested the announcement of a Strategic Bitcoin Reserve. Although some reports caution that congressional support may be insufficient to realize this initiative immediately, seasoned players in the cryptocurrency sector are touting its inevitability.
Anthony Pompliano, founder and CEO of Professional Capital Management, succinctly summarized the prevailing sentiment: “The Strategic Bitcoin Reserve is coming. Everyone wants digital sound money.” This growing enthusiasm was echoed by Matt Hougan, chief investment officer at Bitwise, who predicted that the reserve would consist “entirely” of BTC.
Prediction service Kalshi indicates a 71% likelihood that a Bitcoin reserve will materialize this year, marking the highest odds recorded to date. If these forecasts hold true, a confirmed Bitcoin reserve could significantly invigorate market confidence and propel the cryptocurrency towards new heights.
Investors continue to navigate the complexities of cryptocurrency market dynamics, particularly as they relate to broader economic indicators and government initiatives. As these developments unfold, the landscape for Bitcoin and its counterparts could evolve rapidly in the coming weeks, presenting both opportunities and risks for stakeholders.
