$BTC's future based on global liquidity

If you look at BTC price action this cycle, it has been very well predicted by global liquidity. The global liquidity vs. BTC price relationship is modeled by the Bitcoin Global Liquidity (BGL) indicator. This indicator shows how changes in liquidity have made it to the price action of BTC in 72 days (see the blue boxes on the BGL and chart for one example and check out the indicator yourself for others).

Using the BGL, the current situation that we find ourselves in is that we are finally at the end of a major downtrend in the global liquidity making it to the BTC price (red boxes). Although it may have been boring sideways chop, BTC actually held up very well from a liquidity availability standpoint by going sideways while the BGL was dropping like a rock. Now, the BGL will be going sideways until the end of March (yellow box on the BGL), and then spike upwards through mid-April (green box on the BGL). Based on how BTC behaved during the massive liquidity downtrend, my thoughts are that it will grind up during the sideways BGL (yellow box on the BTC price chart) and then spike up in early April (green box on the BTC price chart). It will top in mid-April, just in time for "Sell in May", for a more dramatic mid-cycle pullback than we've seen. The mid-cycle top thought is pure speculation at this point since the BGL only currently goes out to the end of April.

The fractal on the chart is just for fun since I like to map out what I think will happen and see how it plays out. Never hold me to any specific price action based on these or I'll have to stew in silence, which will surely teach you. Also, remember that this is only one indicator and it should be used in context/confluence with many others to form your own opinion. While the BGL has worked very well in the recent past, that doesn't necessarily mean it will continue working, but I am really interested to see if it continues to predict BTC price trends. Some other indicators I'm looking at are also pointing up, so that is my current bias.