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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 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.
