#BTCvsMarkets

Bitcoin's current price is $92,771.60, with a 2.56% increase in the last 24 hours. Its market capitalization stands at approximately $1.76 trillion. Let's break down the key stats

- *Current Price*: $92,771.60

- *Market Capitalization*: $1.76 trillion

- *24-hour High*: $94,165.99

- *24-hour Low*: $91,451.68

- *Percent Change*: 2.56%

When comparing Bitcoin to other markets, consider its performance against:

- *Gold*: Bitcoin and gold have a 30-day rolling correlation of 0.49, indicating a moderate positive relationship between the two assets. Gold's current price is around $3,324.20.

- *Global M2 Growth*: Bitcoin's price tends to rise in tandem with the growth of the global money supply. Increased global liquidity often aligns with Bitcoin's bull markets.

Some predictions and trends to watch:

- *Short-term*: Bitcoin might retest $86,190, with potential for growth.

- *Long-term*: Analysts predict Bitcoin could reach $94,000 or even $100,000, driven by bullish momentum and indicators like the 4-hour Golden Cross.

- *Market Sentiment*: TradingView indicators show a neutral to strong buy signal, with some analysts expecting a breakout above $100,000