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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.
Authors credited by the source: Scott Matherson
Published by Holder based on an external source.
