Analyst Doctor Profit warns of potential bearish scenarios for Bitcoin despite its current stability around $84,000, with possible drops to $70,000 and even $50,000 amid market fluctuations.
Bitcoin may face another "Thanksgiving Day Massacre" as analysts debate potential dips due to M2 money supply trends and market behavior. While some predict a possible correction to $73,000, others see potential in upcoming Federal Reserve policy shifts and structural buying pressure that could support Bitcoin's price resilience.
Bitcoin's price dropped nearly 5% from its resistance zone in October. An analyst predicts Bitcoin could hit $90,000 in 2 months if it follows global M2 money supply trends. Rising global liquidity is influenced by a weakening USD and China’s monetary policy changes.
Crypto Banter's analysis of M2 money supply highlights September's liquidity trends, suggesting a weak month for stock markets and potential opportunities for Bitcoin.
Crypto analyst Ted argues that the Bitcoin bull run will continue based on four indicators: the 65-month liquidity cycle, low M2 money supply growth, increasing crypto liquidity without a speculative peak, and strong inflows into US-based spot Bitcoin ETFs, suggesting a robust market and institutional confidence.
Market analyst suggests M2 money supply growth historically correlates with Bitcoin price bull runs, hinting at potential future movements.
Bitcoin's market cap is growing at a faster rate than the M2 money supply, indicating its rising prominence and influence as an asset over the past five years.
Investors turn to Bitcoin as a hedge against US dollar devaluation, with the Fed's increase in M2 Money Supply hinting at a potential boost for BTC prices. Market sentiment is wary, monitoring Bitcoin's crucial support levels.
The M2 Money Supply's increase could signal a positive trend for Bitcoin's market value, overcoming a standstill from November 2022.
Crypto traders consider the M2 money supply turning positive as a bullish signal for Bitcoin, suggesting a potential reduction in selling pressure.
