Although Bitcoin is having a challenging moment this week when it comes to prices ranges from 93 thousand up to 96 thousand dollarsat least one popular cryptocurrency commentator is predicting a massive price surge soon.

According to Ted Boydston, the market should prepare for a maniacal bull run in the coming days, and the price of Bitcoin is expected to reach 225,000. dollars.

Boydston highlights the M2 price oscillator, which offers traders and traders real-time buy and sell signals. He then explained that the tool recently showed a buy signal. And if history repeats itself, Boydston expects Bitcoin to begin a edged price rally, benefiting holders and investors.

Bitcoin and its M2 Price Oscillator Chart

Boydston, a popular cryptocurrency commentator and engineer, offers fascinating insight into Bitcoin’s recent price action. Although Bitcoin’s price has dropped recently, it sees a potential price surge soon.

With the exception of the 2016 Bitcoin cycle, the M2 price oscillator provided timely buy and sell signals.

The oscillator recently signaled a buy. If the story rhymes, it means that money printing and Bitcoin’s manic phase will soon begin. pic.twitter.com/61RpHYudIw

— Ted Boydston (@tboydsto) December 28, 2024

Boydston posted a chart of the M2 price oscillator on Twitter/X, indicating a buy signal. Since the M2 money stock takes into account the circulation of liquid cash, including current deposits, physical cash (M1), money markets and savings, the chart presents an compelling perspective on the possible direction of development of a given asset.

As such, this technical chart and indicator offers helpful insight into the possible performance of assets, including those in the crypto niche.

Bitcoin bull run coming soon?

Readers can find the oscillator downloaded from the PPO M2 on the bottom panel using the screenshot provided. The chart shows red for 2023 and most of 2024, but flashes green or signals potential buying as the year gets closer.

Bitcoin’s M2 price oscillator is flashing a BUY signal!

With the exception of the 2016 Bitcoin cycle, this indicator has incredible accuracy.

If history repeats itself, it may mean the beginning of money printing and another huge BTC pump.

Ignore this at your own risk! pic.twitter.com/zsepPXjLH0

— BitcoinHyper (@BitcoinHypers) December 28, 2024

Boydston argues that such a signal often leads to a edged raise in asset prices and ultimately paves the way for a bull market.

Investors can expect increased volatility and an raise in Bitcoin’s price if this scenario materializes. Traders and investors have been relying on this technical analysis for years to offer correct predictions, with the exception of 2016. The chart did not display a buy signal at that time, but the price increased after the Bitcoin halving.

Future Bitcoin price action

A few months ago, Crypto analysts set a goal of Bitcoin worth 100,000. dollars. Now that this goal was achieved back in December, many analysts are focusing on novel goals. Some analysts say Bitcoin’s short-term target is 150,000. dollars, while others speculate that the asset could reach 1 million dollars.

Taking multiple estimates into account, Boydston’s forecast of 225,000. dollars may seem the most logical and possible. For Boydston, a top is forming in Bitcoin’s manic bull run, coinciding with the 0.382 Fibonacci retracement level.

Featured image from Getty Images, chart from TradingView