Bitcoin could realistically reach new all-time highs by the end of 2025 due to surviving a technical test and receiving a significant liquidity injection from the US Treasury.
"On the one hand, you have a market that just survived a brutal technical test backed by a powerful once in a cycle liquidity injection from the US Treasury. And this is a profoundly bullish setup that could realistically propel the price back towards the all-time high by year end."
The reopening of the US government will lead to the Treasury General Account (TGA) balance decreasing, injecting up to $850 billion into the market.
"when the government reopens its doors, it will start spending that money. The TGA balance will be drawn down, injecting hundreds of billions of dollars up to 850 billion back into the market."
There is a 68% probability of an interest rate cut on December 10th, which is expected to be positive for risk assets.
"Now, there is currently a 68% probability of another interest rate cut at their 10th of December meeting, which would be another positive for risk assets."
