Bitcoin Price May Rise Above $110,000 According to M2 Money Supply Analysis
Bitcoin is currently consolidating, trading above $105,000. Analysts note a potential return above $110,000 amid recent price fluctuations.
Correlation with Global M2 Money Supply
Technical analysis reveals Bitcoin's price movements track closely with the Global M2 Money Supply when offset by 68 to 76 days:
- 68-day offset shows high correlation since April 2025
- 76-day offset indicates strong long-term correlation
Both charts suggest an upward trajectory for Bitcoin as the M2 supply continues to rise. The average correlation between these indicators is approximately 76.6-76.9%.
Implications for Bitcoin Price
Current data indicates:
- 89.9% accuracy in short-term tracking of the M2 curve
- 92.2% correlation over 1.5 years
- 86.2% correlation over 2 years
If this trend continues, Bitcoin may break above its previous all-time high and could reach $150,000 by August. As of now, Bitcoin is priced at $106,549, reflecting a 1% increase in the past 24 hours.
