Crypto analysts are predicting that Bitcoin (BTC) may be poised for a significant move to the upside as it tracks the expansion of global liquidity. Several experts anticipate that the top cryptocurrency could post new all-time highs (ATHs) in the near to medium term.
According to a recent X post by crypto analyst Jelle, BTC appears to be following the trajectory of rising global liquidity. The analyst shared the following chart suggesting that Bitcoin is on track to reach a new ATH of $150,000 in the coming months.
A similar perspective was offered by fellow crypto analyst Master of Crypto. The analyst provided a more detailed explanation of how BTC is aligning with movements in the global M2 money supply.
For the uninitiated, global M2 money supply refers to the total amount of money – including cash, checking deposits, and easily convertible near money – circulating across major economies. It is often used as an indicator of global liquidity, with increases typically supporting asset price growth, including cryptocurrencies like Bitcoin.
Master of Crypto shared the following chart comparing BTC’s price with movements in global M2 money supply, using a 76-day lag. He noted that this time-offset metric has historically offered more accurate long-term signals, and correlates with Bitcoin’s price at a rate of 76%.
To explain, the cup and handle pattern is a bullish formation that resembles a rounded “cup” followed by a brief consolidation or “handle” before a breakout. It typically indicates a continuation of the existing uptrend, often leading to new highs.
