Part 3/7:
Several critical factors contribute to the $117,000 price target by the end of May:
Increase in Liquidity: The model flagged a significant injection of liquidity—about $42 billion—into the banking system by the Federal Reserve, which has historically correlated positively with Bitcoin price movements.
Bullish ETF Trends: The favorable trend in ETF flows suggests a rising interest in Bitcoin investments. As the crypto market is comparatively smaller than the trillion-dollar traditional financial markets, investments flowing into Bitcoin can have a disproportionately large effect on its price.