List of Flash News about BTC $130K breakout
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07:58 |
BTC Price Tracks M2 Money Supply: Potential for $100K Retest Before $130K Breakout – Crypto Market Analysis
According to Cas Abbé on Twitter, BTC price movements are closely following the trajectory of the M2 money supply, with current consolidation phases having been signaled early by changes in M2. Abbé highlights that this correlation could indicate a strong likelihood of BTC revisiting the $100,000 to $102,000 range before establishing a bottom, followed by a potential rally above $130,000. Traders should closely monitor M2 supply data as a leading indicator for BTC price action, as this macroeconomic relationship adds a significant layer to crypto market forecasting. Source: Cas Abbé via Twitter, June 19, 2025. |