[Bitcoin vs Global M2]
This chart is an update on the Global M2 against the price of Bitcoin. It appears that, in line with previous outlooks, Bitcoin has experienced an increase in accordance with the movements of Global M2, and is projected to continue rising in the next 2–3 months.
Both have a high correlation, as when Global M2 (the amount of money in circulation globally) increases, the demand for Bitcoin also rises, thereby pushing prices higher.
Conclusion: Currently, we have a fairly strong upside bias for Bitcoin, so we can anticipate that the price of Bitcoin will at least test the ATH level again in the next 3 months.
