๐ Bitcoin & M2 Money Supply: Are We Nearing the Top? ๐
A fascinating pattern is emerging ๐
The M2 Money Supply / BTCUSD chart (with an 84-day delay) shows a double top forming in late September โ with a lower high. Historically, Bitcoin peaks 525โ532 days after halving, and weโre getting very close to that window. โณ
๐ So, what does it mean?
Based on current trends, BTC is highly correlated with M2, suggesting that we could be just 2 months away from Bitcoinโs cycle top.
๐ฐ Where could the top be?
While pinpointing the exact price is tricky due to scale variations in the correlation model, it's looking likely that the top could come in below $200,000.
๐ฏ Realistic Top Range?
Considering diminishing returns and excluding the "supercycle" scenario, a $135Kโ$190K BTC top in late September aligns with historical patterns.
๐ง Worth noting: This cycle saw a new ATH before the halving, thanks to ETF-driven momentum โ a notable deviation from the norm.
Will this cycle stay true to form? Or will Bitcoin defy expectations again?
Drop your predictions โฌ๏ธ
#Bitcoin #BTC #CryptoMarket #HalvingCycle #M2Supply #MacroAnalysis #BinanceSquare #CryptoTrends #BTCForecast #BitcoinTop
A fascinating pattern is emerging ๐
The M2 Money Supply / BTCUSD chart (with an 84-day delay) shows a double top forming in late September โ with a lower high. Historically, Bitcoin peaks 525โ532 days after halving, and weโre getting very close to that window. โณ
๐ So, what does it mean?
Based on current trends, BTC is highly correlated with M2, suggesting that we could be just 2 months away from Bitcoinโs cycle top.
๐ฐ Where could the top be?
While pinpointing the exact price is tricky due to scale variations in the correlation model, it's looking likely that the top could come in below $200,000.
๐ฏ Realistic Top Range?
Considering diminishing returns and excluding the "supercycle" scenario, a $135Kโ$190K BTC top in late September aligns with historical patterns.
๐ง Worth noting: This cycle saw a new ATH before the halving, thanks to ETF-driven momentum โ a notable deviation from the norm.
Will this cycle stay true to form? Or will Bitcoin defy expectations again?
Drop your predictions โฌ๏ธ
#Bitcoin #BTC #CryptoMarket #HalvingCycle #M2Supply #MacroAnalysis #BinanceSquare #CryptoTrends #BTCForecast #BitcoinTop