Popular cryptocurrency analyst InvestAnswers predicts a significant Bitcoin (BTC) surge, potentially reaching $160,000 in the near term. This bullish outlook is primarily driven by the correlation between Bitcoin's price and the global M2 money supply. According to InvestAnswers, the current M2 indicator suggests a BTC price range of $120,000 to $160,000, potentially achievable as early as July. This projection aligns with on-chain data indicating substantial accumulation by large Bitcoin holders, specifically "whale" addresses holding over 10,000 BTC. Addresses with 100-1000 BTC are also steadily increasing their holdings. Interestingly, smaller addresses holding less than 10 BTC are reportedly selling, suggesting a transfer of wealth from smaller retail investors to larger, more experienced players. This accumulation by whales further strengthens the bullish outlook for Bitcoin in the coming months. Market sentiment suggests growing confidence amongst large investors, driving potential price appreciation. ```

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