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Crypto Analyst Predicts Bitcoin Will Surpass $110,000 Based on M2 Money Supply Correlation

According to analysis by crypto commentator Colin, known as "The M2 Guy," Bitcoin's price movements seem to follow the global M2 money supply with a strong correlation after adjusting for a delay of about 68 to 76 days. His detailed charts show that this relationship, especially the upward trend of the M2 curve, indicates a bullish outlook for Bitcoin's future price action. Given this data, it is plausible that Bitcoin could soon break above the $110,000 mark and possibly move higher in the coming months.
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AI Analysis

The analysis by Colin presents a compelling view that Bitcoin's recent price action is closely aligned with the movements in the global M2 money supply, adjusted by a lag of roughly 68 to 76 days. Thi...

AI Recommendation

It would be prudent to consider accumulating Bitcoin or maintaining a long position in anticipation of a breakout above $110,000, given the strong correlation with the increasing M2 money supply and t...

Disclaimer

The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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