Analyst Predicts $140,000 Bitcoin Surge Linked to Global M2 Money Supply

The Bitcoin price outlook is under scrutiny, with analysts debating the potential for BTC to reach $140,000. Despite recent fluctuations, crypto analyst 'MoneyLord' highlights the correlation between Bitcoin and the global M2 Money Supply, suggesting a possible surge.

  • Global M2 Money Supply is linked to potential Bitcoin price increases.
  • Analyst argues that market manipulation has temporarily disrupted this correlation.
  • Stabilizing market conditions could allow Bitcoin to realign with M2 trends.
  • A forecasted rally to $140,000 would require a 55% gain from current levels near $90,000.

Bitcoin

Bitcoin has shown resilience amid market sell-offs, bouncing back after sharp declines. Analyst Don notes that bulls have reclaimed critical support as Bitcoin trades within an ascending triangle pattern, indicating potential consolidation and momentum for a breakout.

  • The triangle pattern has an upper boundary near $94,324 and a lower boundary around $89,241.
  • Price action suggests consolidation and potential for a breakout.

Bitcoin