đ Bitcoin & M2 Money Supply: Are We Nearing the Top? đ
A fascinating pattern is emerging đ
The M2 Money Supply / BTCUSD chart (with an 84-day delay) shows a double top forming in late September â with a lower high. Historically, Bitcoin peaks 525â532 days after halving, and weâre getting very close to that window. âł
đ So, what does it mean?
Based on current trends, BTC is highly correlated with M2, suggesting that we could be just 2 months away from Bitcoinâs cycle top.
đ° Where could the top be?
While pinpointing the exact price is tricky due to scale variations in the correlation model, it's looking likely that the top could come in below $200,000.
đŻ Realistic Top Range?
Considering diminishing returns and excluding the "supercycle" scenario, a $135Kâ$190K BTC top in late September aligns with historical patterns.
đ§ Worth noting: This cycle saw a new ATH before the halving, thanks to ETF-driven momentum â a notable deviation from the norm.
Will this cycle stay true to form? Or will Bitcoin defy expectations again?
Drop your predictions âŹïž
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