Does the global liquidity flood drive Bitcoin towards new peaks?

The relationship between global liquidity and the price of Bitcoin is becoming clearer.

In the chart below:

The orange line represents Global M2 (global money supply).

The blue line represents the price of Bitcoin with a 10-week delay.

We notice a recurring exciting pattern:

Whenever the global money supply expands, the price of Bitcoin rises after a short period.

This relationship indicates that BTC reacts to liquidity like any scarce asset facing a flood of money.

Today, we are witnessing once again a wave of global monetary expansion led by major central banks.

So does this massive influx of liquidity push Bitcoin towards new peaks?

Bitcoin does not move aimlessly… but breathes from the lung of liquidity.