Bitcoin's Bold Path: Can BTC Soar to $140,000, Backed by Global Money Supply?
Despite recent market volatility and skepticism, a compelling argument suggests Bitcoin could still achieve a staggering $140,000 valuation. This bullish projection hinges on a critical, often-overlooked metric: the global M2 Money Supply, which analysts believe provides a clear roadmap for the cryptocurrency's future trajectory.
Global M2 Money Supply: A Catalyst for Bitcoin's Ascent
Pseudonymous crypto analyst "MoneyLord" posits that Bitcoin's current price movements are not a failure of its correlation with the M2 Money Supply, but rather a temporary divergence caused by aggressive market interference and global financial stress. According to MoneyLord's technical report, Bitcoin would have naturally mirrored global liquidity growth had it not been for significant market manipulation and the collapse of major entities. With market conditions stabilizing, the analyst argues that Bitcoin is primed to realign with M2 trends, setting the stage for substantial upward momentum. This perspective reframes the recent downturn as a delayed reaction rather than a failed cycle, projecting a target exceeding $140,000 if Bitcoin begins to catch up with the rising global liquidity. Achieving this would represent a formidable 55% gain from its current trading levels near $90,000, surpassing its previous all-time high.
Bitcoin's Resilience: Navigating Market Turbulence
Adding to the optimistic outlook, crypto analyst Don highlights Bitcoin's impressive rebound following a period of sharp sell-offs that triggered widespread liquidations. Bulls have reportedly stepped in, reclaiming crucial support levels and rebuilding market confidence. Bitcoin is observed trading within a well-defined ascending triangle pattern, bounded by an upper resistance near $94,324 and a lower support around $89,241. This consolidation within the triangle suggests that Bitcoin is gathering strength, potentially building momentum for a decisive breakout, further bolstering the case for a significant price surge.
