As the Bitcoin price teeters on the precipice of its all-time high, a mere 4% shy of the giddy summit of $123,000, the indefatigable crypto soothsayer, Doctor Profit, has deigned to grace us with another of his prognostications. This time, he assures us, the stars are aligning for a rally so stupendous it would make the Charge of the Light Brigade look like a Sunday stroll. ๐๐
Bitcoin’s Diagonal Dance: Breaking Barriers with Panache
In a recent missive on the digital agora of X (formerly Twitter, now a playground for the verbose and the vain), Doctor Profit revealed that Bitcoin has, with a flourish, breached a diagonal resistance line on its monthly chart. This, he informs us with the gravity of a man announcing the discovery of the Holy Grail, is a barrier that had hitherto proven as impenetrable as a Waugh novel to the uninitiated. ๐โจ
From November 2024 to February 2025, Bitcoin, like a hapless suitor, was repeatedly rebuffed at this crucial level. But lo! This month, with a dramatic flourish, it broke through, retested the $114,000 mark with the aplomb of a seasoned courtier, and is now, we are told, forming a “strong bullish impulse.” One can almost hear the trumpets blaring in the background. ๐บ๐ช
Doctor Profit, ever the optimist, declares this breakthrough a harbinger of an upward march so inevitable it will soon dominate the chatter of the social media hoi polloi. One can only imagine the torrents of hot air this will generate. ๐ฃ๏ธ๐ฅ
Trade Deals and Tariffs: A Tale of Economic Whimsey
Adding to this carnival of optimism is the recent US-Europe trade deal, announced with great fanfare by the White House. Tariffs, those pesky imps that have been suppressing market momentum like a Victorian governess, are said to be on the retreat. The deal, valued at a staggering $750 billion in US energy exports and $600 billion in EU investments, has apparently alleviated some of the pressure. One wonders if the champagne corks have stopped popping yet. ๐พ๐ค
M2 Money Supply: The Macroeconomic Crystal Ball
On a grander stage, Doctor Profit turns his gaze to the M2 money supply, a factor he deems as crucial to Bitcoin’s trajectory as a well-placed epigram in a Waugh novel. Following a 25% expansion of M2 in 2020โcourtesy of the pandemic, that great leveler of economiesโBitcoin embarked on an 800% rally. A correlation, one presumes, not lost on our intrepid analyst. ๐ธ๐
Since the dawn of 2025, M2 has crept up by 2.3%, despite the Federal Reserve’s best efforts at quantitative tightening. Doctor Profit, ever the sleuth, interprets this as a sign that the Fed may soon adopt more aggressive monetary policies. One can almost hear the central bankers sharpening their quills in anticipation. ๐ฆ๐
Historical data, that trusty crutch of analysts, suggests a correlation between M2 increases and Bitcoin’s price movements. Doctor Profit estimates a potential upside of 30-35% for Bitcoin with every 1% increase in M2. The most significant expansion, he notes, occurred between May and June 2025, when M2 saw a monthly increase of 0.63%. Given Bitcoin’s typical lag of 60 to 90 days, this could herald a 15-17.5% rally, propelling Bitcoin toward the dizzying heights of $130,000. ๐๐
As the Federal Open Market Committee (FOMC) convenes on Wednesday, with expectations of no interest rate cuts as firm as a Waugh protagonist’s resolve, the stage is set for another act in this economic drama. As of this writing, Bitcoin trades at $117,569, up a staggering 71% year-to-date. One can only wonder what twists and turns lie ahead in this grand farce of finance. ๐ญ๐น

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2025-07-29 12:36