{"id":414915,"date":"2024-08-16T17:30:16","date_gmt":"2024-08-16T12:00:16","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=414915"},"modified":"2024-08-21T14:15:27","modified_gmt":"2024-08-21T08:45:27","slug":"bitcoins-bullish-outlook-how-chinas-latest-moves-will-help-btc-rise","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/bitcoins-bullish-outlook-how-chinas-latest-moves-will-help-btc-rise\/","title":{"rendered":"Bitcoin&#8217;s bullish outlook &#8211; How China&#8217;s latest moves will help BTC rise"},"content":{"rendered":"<ul>\n<li style=\"font-weight: 400;\"><i><span style=\"font-weight: 400;\">The People&#8217;s Bank of China injected $65 billion into overall global liquidity.<\/span><\/i><\/li>\n<li style=\"font-weight: 400;\"><i><span style=\"font-weight: 400;\">\u00a0As a result, Bitcoin showed bullish sentiment.<\/span><\/i><\/li>\n<\/ul>\n<p>The People&#8217;s Bank of China (PBoC) is increasing its stimulus efforts, with liquidity injections now surpassing $65 billion, as Tomas <a href=\"https:\/\/x.com\/TomasOnMarkets\/status\/1824082067438682414\">noted<\/a> on X (formerly Twitter).<br \/>\n<i><\/i><\/p>\n<p><span style=\"font-weight: 400;\">July data reveals that Chinese bank loans contracted for the first time in 19 years, signaling economic challenges.<\/span><\/p>\n<p>The Chinese Communist Party recently committed to launching new policy measures, and the PBoC is expected to continue its liquidity injections in line with the 12-month cycle.<\/p>\n<figure id=\"attachment_414927\" aria-describedby=\"caption-attachment-414927\" style=\"width: 1200px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/20240816_094246.jpg\"><img decoding=\"async\" class=\"wp-image-414927 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/20240816_094246.jpg\" alt=\"\" width=\"1200\" height=\"469\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/20240816_094246.jpg 1200w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/20240816_094246-300x117.jpg 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/20240816_094246-1024x400.jpg 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/20240816_094246-768x300.jpg 768w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/a><figcaption id=\"caption-attachment-414927\" class=\"wp-caption-text\">Source: TomasOnMarkets on X<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">This has led to Yuan strengthening against the U.S. dollar in recent weeks, potentially giving the PBoC more flexibility to implement further stimulus.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">More central banks are increasing liquidity, signaling a potential <a href=\"https:\/\/ambcrypto.com\/category\/bitcoin-news\/\">Bitcoin [BTC]<\/a> surge. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">In the past month, the Bank of Japan and the People&#8217;s Bank of China injected $400 billion and $97 billion, respectively, expanding the global money base by $1.2 trillion.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The global liquidity momentum model (MSI) has issued its first bullish signal since November 2023, when <a href=\"https:\/\/ambcrypto.com\/bitcoin-btc-price-prediction-33\/\" target=\"_blank\" rel=\"noopener\">Bitcoin [BTC]<\/a> rose 75% before turning bearish.<\/span><\/p>\n<figure id=\"attachment_414928\" aria-describedby=\"caption-attachment-414928\" style=\"width: 1624px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/20240816_064702.png\"><img decoding=\"async\" class=\"wp-image-414928 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/20240816_064702.png\" alt=\"\" width=\"1624\" height=\"825\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/20240816_064702.png 1624w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/20240816_064702-300x152.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/20240816_064702-1024x520.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/20240816_064702-768x390.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/20240816_064702-1536x780.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/20240816_064702-1200x610.png 1200w\" sizes=\"(max-width: 1624px) 100vw, 1624px\" \/><\/a><figcaption id=\"caption-attachment-414928\" class=\"wp-caption-text\">Source: Bloomberg<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">This expansion is likely coordinated with the Federal Reserve, supported by a weakening U.S. dollar. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">If the USD continues to fall, Bitcoin could see a 2-3X increase, driven by global M2 growth surpassing $120 trillion, which have resulted in rising Open Interest.<\/span><\/p>\n<h2><b>Of Open Interest &amp; ETF<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Bitcoin&#8217;s Open Interest remained steady despite recent minor price drops, consistently rising, mainly driven by activity on OKX and Binance exchanges.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This steady increase suggested ongoing strong demand for <a href=\"https:\/\/ambcrypto.com\/category\/bitcoin-news\/\">Bitcoin [BTC]<\/a> assets, as growing liquidity is fueling more acquisitions.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This trend indicates that Bitcoin prices are likely to continue rising in the long run, supported by sustained buying pressure.<\/span><\/p>\n<figure id=\"attachment_414934\" aria-describedby=\"caption-attachment-414934\" style=\"width: 1313px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/20240816_074544.png\"><img decoding=\"async\" class=\"wp-image-414934 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/20240816_074544.png\" alt=\"\" width=\"1313\" height=\"835\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/20240816_074544.png 1313w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/20240816_074544-300x191.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/20240816_074544-1024x651.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/20240816_074544-768x488.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/20240816_074544-1200x763.png 1200w\" sizes=\"(max-width: 1313px) 100vw, 1313px\" \/><\/a><figcaption id=\"caption-attachment-414934\" class=\"wp-caption-text\">Source: TradingView<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">A rising Open Interest and global liquidity can drive increased spot <a href=\"https:\/\/ambcrypto.com\/category\/bitcoin-news\/\">Bitcoin ETF<\/a> inflows, despite Bitcoin&#8217;s price drop.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Institutions are buying the dip, signaling a potential long-term price surge. Investors should consider purchasing BTC now before global liquidity pushes its value higher.<\/span><\/p>\n<figure id=\"attachment_414936\" aria-describedby=\"caption-attachment-414936\" style=\"width: 2500px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/20240816_061432.png\"><img decoding=\"async\" class=\"wp-image-414936 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/20240816_061432.png\" alt=\"\" width=\"2500\" height=\"2042\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/20240816_061432.png 2500w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/20240816_061432-300x245.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/20240816_061432-1024x836.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/20240816_061432-768x627.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/20240816_061432-1536x1255.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/20240816_061432-2048x1673.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/20240816_061432-1200x980.png 1200w\" sizes=\"(max-width: 2500px) 100vw, 2500px\" \/><\/a><figcaption id=\"caption-attachment-414936\" class=\"wp-caption-text\">Source: Bitcoin Magazine<\/figcaption><\/figure>\n<hr \/>\n<p style=\"text-align: center;\">Is your portfolio green? Check out the\u00a0<a href=\"https:\/\/ambcrypto.com\/calculator\/profit\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">BTC Profit Calculator<\/a><\/p>\n<hr \/>\n<h2><strong>Bitcoin liquidation levels<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\"><a href=\"https:\/\/ambcrypto.com\/category\/bitcoin-news\/\">Bitcoin [BTC]<\/a> remained around the key levels of $60K and $62K at press time, which could trigger a liquidity grab or short squeeze.\u00a0<\/span><\/p>\n<figure id=\"attachment_414937\" aria-describedby=\"caption-attachment-414937\" style=\"width: 1200px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/20240816_063620.jpg\"><img decoding=\"async\" class=\"wp-image-414937 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/20240816_063620.jpg\" alt=\"\" width=\"1200\" height=\"516\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/20240816_063620.jpg 1200w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/20240816_063620-300x129.jpg 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/20240816_063620-1024x440.jpg 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/20240816_063620-768x330.jpg 768w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/a><figcaption id=\"caption-attachment-414937\" class=\"wp-caption-text\">Source: Coinglass<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">A breakout at $62K price level might push Bitcoin towards $74K and potentially a new all-time high by late Q4 2024, fueled by the increasing global liquidity.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The People&#8217;s Bank of China is increasing liquidity injections, surpassing $65B leading to strengthening of Yuan and Bitcoin.<\/p>\n","protected":false},"author":98,"featured_media":415028,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[35,44],"tags":[],"class_list":["post-414915","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin-news","category-global-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.4) - 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