🚨🚨M2 Global Indicates Bitcoin May Reach Peak in September, Says Analyst🚨🚨
☄️☄️☄️#BTC
Data from Bgeometrics shows that the global M2 supply peaked at US$114.8 trillion at the end of June. By early August, its value fell to US$112.7 trillion—a decrease of 1.8%.
Although this decline is not drastic, investor Brett pointed out that the global M2 has formed a “lower high” and “lower low.” This pattern suggests that a downward trend may be emerging.
The chart provided by ₿rett illustrates a strong correlation between the Bitcoin price cycles and the global M2, with an 84-day lag. Based on this, he predicts that Bitcoin may peak in its cycle by the end of September.
“The global M2 has formed a lower high and lower low. Using an 84-day offset, the current peak is expected to happen by the end of September. As noted in my December post below, three previous Bitcoin peaks occurred 525–532 days after the halving. The current global M2 peak is 518 days after the halving. Coincidence?” ₿rett said.