Investanswers says Bitcoin Bull isn't running and announces BTC targets over the coming weeks

Bitcoin (BTC) could have an explosive breakout in the coming weeks, according to widely followed analysts.

In a new video, the Investanswers host tells 565,000 YouTube subscribers that key metrics suggest that Bitcoin’s bull market hasn’t ended and that BTC could soon reach $160,000.

Analysts are using the global M2 money supply, which measures the amounts flowing throughout the financial system, to predict potential price targets for Bitcoin.

“You can see that the yellow line is the global M2 money supply. The price of Bitcoin is almost completely photographed. How much higher is it? We don’t know, but the estimate is at least $120,000, perhaps $160,000. But the good stuff is ahead.

Source: Investanswers/YouTube

He also says the buying trends between the various Bitcoin holder cohorts indicate that whales accumulate flagship digital assets at a greater rate than others.

Look at the accumulation. The top-down is also expanding…

Whales that exceed 10,000 Bitcoin have been accumulating at around 0.95 for quite some time.

The 1,000-10,000 whales and 100-1,000 Bitcoin cohort is about 0.9. They keep piling up.

I’ve talked a lot about that 100-1,000 cohort. They are important to see. They are money players now. They hold more Bitcoin than anyone else.

And I got 10-100 Bitcoin holders pivoting towards 0.6. They are beginning to stack. And sadly, everyone under 10 bitcoins continue to distribute. Well, there are small players selling it. ”

Source: Investanswers/YouTube

Finally, he says his top and bottom indicators (TABI), which utilize multiple metrics to predict market peaks and bottoms, indicates that Bitcoin could be higher.

“Now, let’s talk about the indicators at the top and bottom. This tells you if Bitcoin is overheating…

We are still yellow. We are still in the middle of the road. After this yellow phase, it should be dark yellow, then orange, then red.

We’re now doing the right thing in the middle with a bit of a yellow uptick and starting to overheat. But this is where we are, guys, this bull run isn’t over. ”