So i have to give credit to Benjamin Cowen for the heads up on the money supply vs bitcoin chart. You can go find him on youtube for some very good TA analysis, not searched for him on here yet, if u know his username please link it below
This chart is to compliment previous published idea to give an understanding of how the extra money being madly printed has an effect on the bitcoin all time highs (ATH)
We can clearly see how we have not really broken through yet to claim this cycles top value, in which we could see 6 figures by the end of the year, unless some blackswan event takes place, im about 70% certain were going to come very close if not break out above, its a huge psychological level too.
Please give a thumbs up if u like the chart and follow along for more Bitcoin and crypto charts in the future
peace up
This chart is to compliment previous published idea to give an understanding of how the extra money being madly printed has an effect on the bitcoin all time highs (ATH)
We can clearly see how we have not really broken through yet to claim this cycles top value, in which we could see 6 figures by the end of the year, unless some blackswan event takes place, im about 70% certain were going to come very close if not break out above, its a huge psychological level too.
Please give a thumbs up if u like the chart and follow along for more Bitcoin and crypto charts in the future
peace up
