๐ Bitcoin Eyes New Highs as M2 Supply Hits Record Levels
๐ As of July 2, Bitcoin (BTC) is trading at $108,434, up 2.37% in the last 24 hours โ now just 3.13% below its all-time high.
๐ Whatโs fueling the optimism?
๐ Global M2 money supply just hit a fresh all-time high, raising eyebrows across markets.
๐ A bull flag pattern is emerging on charts, suggesting BTC could soon rally toward $119,000.
๐ก Why this matters:
โ๏ธ M2 growth often correlates with asset price inflation
โ๏ธ Traders see $BTC as a hedge against fiat debasement
โ๏ธ Bitcoinโs price action is increasingly macro-driven
๐ If $BTC were to catch up with M2 expansion again โ we might just be at the start of another breakout.
#Bitcoin #CryptoMarkets #M2Supply #MacroTrends #DeFi
https://coingape.com/markets/bitcoin-price-prediction-if-btc-catches-up-with-m2-supply-again/?utm_source=bnb&utm_medium=coingape