Analyst Predicts Bitcoin Rally Ahead as Global M2 Money Supply Surges

A recent analysis by crypto analyst Colin, known as "The M2 Guy," indicates a potential bullish phase for Bitcoin based on its correlation with the Global M2 money supply.

Key Insights

  • Correlation between Bitcoin's price and global M2 money supply analyzed over 70-day and 107-day offsets.
  • Current focus on the 107-day offset suggests an imminent upward spike in Bitcoin's price.
  • Projected rally could last two months, starting around April 30, influenced by rising M2 supply.
  • Price target estimates suggest Bitcoin may surpass $140,000; predictions of doubling by end of 2025 exist.
  • Current trading price is approximately $84,310, with a range between $83,700 and $84,300.
  • Long-term holders may benefit from the opportunity to accumulate more Bitcoin before expected price movements.

Investors are advised to consider macro trends rather than fixate on specific dates.