Bitcoin price ($107,383) is closely aligned with Global M2 liquidity, now at 112.413T with a three-month lead.
BTC has moved within a rising price channel since late 2023, responding to shifts in macro liquidity.
Critical resistance at $108,116 and support at $106,960 define Bitcoin’s short-term trading range.
Bitcoin has remained closely aligned with global liquidity trends, with its recent price movements reflecting the ongoing expansion in the Global M2 supply. On June 25, 2025, BTC was priced at $107,383, registering a modest 0.3% gain over 24 hours. This price also rests near its resistance level of $108,116, while support remains established at $106,960.
The chart shows a persistent correlation between Bitcoin’s price and Global M2 liquidity (with a three-month lead), highlighting liquidity’s impact on long-term price behavior. This correlation appears to intensify as both lines converge and trend upward into Q3 2025.
Liquidity Growth Maintains Tight Correlation With BTC Trendline
Over the past 18 months, Bitcoin has followed the Global M2 liquidity curve with remarkable consistency. The green line represents M2 liquidity data—set to a three-month lead—while the blue line plots Bitcoin’s price. Starting late 2023 near the $40,000 mark, Bitcoin increased due to rising M2 levels around 100.7T.
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This trend gained strength in 2024 with several higher highs and higher lows showing liquidity-driven growth. Interestingly, by 2025 mid-year, both Bitcoin and M2 liquidity reached all-time highs: BTC nudged 108K, and M2 reached over 112.4T. The current convergence reinforces the liquidity cycle’s role in the ongoing rally.
Rising Price Channel and Dashed Trendline Support Bullish Structure
BTC’s structure since early 2024 displays a rising price channel, confirmed by repeated upward swings that follow M2 increases. The chart's dashed green line, beginning near mid-2025, illustrates a projected path aligned with accelerating liquidity growth. This projection tracks toward new highs if current macroeconomic liquidity conditions persist.
As M2 liquidity holds above 112.4T, Bitcoin’s upward momentum appears supported structurally. However, BTC’s 24-hour range between $106,960 and $108,116 indicates that the price is testing a short-term inflection point within the broader channel.
Critical Levels Define Short-Term Movements and Trend Outlook
Currently, Bitcoin is trading tightly between key levels. The lower boundary at $106,960 has acted as local support during recent consolidations. Meanwhile, the resistance at $108,116 marks the next significant level in BTC’s short-term trajectory.
The chart emphasizes these levels as structural markers within the ongoing rally. Liquidity-driven momentum continues to define the trend, with macro liquidity conditions offering a forecast window for potential price developments into Q3 2025.
