The analysis suggests that the global liquidity index is currently in an upward trend, with potential to continue upwards movement, forecasting future potential for Bitcoin's bull run. The analysis describes the current Bitcoin market to be a 'step by step', uptrend consolidation, and discusses that Bitcoin is potentially about two months behind the global liquidity index chart. The analyst forecasts an overall bullish trend. However, he discusses that resistance at 125000 might force a retracement and a local pause on Ethereum, while investors wait for Bitcoin to pass the resistance. The analyst claims the cycle runs until proven wrong and therefore he won't give an exact timeline for it to play out but claims it is very bullish and very possible.