The chart below compares BTC price (blue) and US M2 money supply (yellow). Historically, Bitcoin’s movements have closely tracked changes in US money supply, often with a few months’ lag. With current trends suggesting a potential divergence, a market correction could still be on the table.
Curious to hear your thoughts, where do you see Bitcoin heading next?
#crypto #bitcoin #btc #trading #analysis
Curious to hear your thoughts, where do you see Bitcoin heading next?
#crypto #bitcoin #btc #trading #analysis
entry & exit signals (10 days free trial): signalgotrade.crd.co
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entry & exit signals (10 days free trial): signalgotrade.crd.co
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.