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This article is also available in Spanish.
Bitcoin prices start look positive After low cases on Sunday and Monday. After breaking up to $ 74,000, the Bear Ranks He looked ready to drag The price of bitcoin has dropped. But bulls He came in quickly defend the immersion. Their aggressive purchases accelerated the price, and Bitcoin is again heading towards USD 80,000.
This last disaster is intriguing because it almost perfectly matches the high -developing record. This record not only announces a disaster, but now indicates a powerful upward movement to the next Bitcoin rally.
The analyst claims that Global M2 is a leading signal for the next Bitcoin movement
Colin, well -followed cryptographic analyst on x, He recently noticed for Bitcoin relationship with global cash supply M2. Considering the Social Media platform X, the analyst shared the chart showing the correlation of Bitcoin prices with global M2 cash supply, although with a 108-day shift. It seems that the global money supply of M2 acts as a Bitcoin price template, because the leading cryptocurrency has been following this offensive almost step by step since August 2024.
In his latest post, Colin explained that Bitcoin is still “following global m2 like glue.” The chart he has made available imposes movements at Bitcoin candlelit with a yellow line representing the message of M2 supply by this duration. The result is a striking correlation, which Colin has consistently followed for over a year.
The chart below emphasizes what Colin called the mini-nerd, which failed, and another disaster that played as predicted as M2. Now with Bitcoin From April with this disasterThe M2 indicator suggests that it can blow up very well in the near future.
However, Colin noticed that the price can even consolidate or feel minor declines before the expected rally. The analyst noticed that the leading cryptocurrency is not fully outside the forest. But if he is content, it will be mainly sideways until the explosion of M2, which is only in May.
Can he repel? The BTC rally configuration strengthens despite the low -term failure
Colin’s forecast is based on the idea that Bitcoin can start a gigantic one Movement up at the beginning of Maywhich he called “blast-off”. The M2 yellow projection curve on its chart shows a steep climbing before May 1, which indicates the possibility of collecting bitcoins compared to USD 128,000 if the correlation remains intact.
However, the analyst did not give up low -term risks that Bitcoin and the entire cryptographic market may happen in April. These low -term risk are based on political fears about the “Trump tariffs” that they have Set investment markets Over the past few days.
The coming weeks will be significant for the outcome of this explosion. If it maintains above 78,000–80,000 USD while maintaining the adaptation to the global M2 monetary supply, it may initiate the parabolic movement of Colin.
At the time of writing, Bitcoin trads at 79,255 USD, which is an boost of 5.5% in the last 24 hours.
A distinguished picture from Unsplash, tradingview.com chart
