Bitcoin: Eyes Catch-Up to Global Money Supply
Bitcoin diverges from global money supply at record levels, but a potential catch-up could drive BTC price prediction higher amid bullish trends.
SourceAndré Dragosch spotlights a once-hated Twitter chart where Bitcoin (BTC) massively diverged from global money supply right as it gained mainstream traction. He questions what happens if BTC realigns, hinting at explosive upside in this ongoing crypto market narrative. This divergence marks the widest on record, flipping the script on historical correlations that fueled past BTC price surges. Traders eye this for BTC price prediction plays, especially with viral trends like HYPE amplifying sentiment in the space.
From a technical confluence standpoint, Bitcoin trades at $78,999.99 on the 4-hour chart, pressing against upper Bollinger resistance at $78,649.3 in a clear bullish structure backed by the EMA50 at $75,380.14 and EMA200 at $72,414.71 acting as layered supports. Momentum holds steady with RSI at 68.62 nearing overbought territory, while MACD's golden cross at 731.2 signals sustained buying pressure—expect a tactical pullback to test that EMA50 before resuming the grind higher, aligning perfectly with macro narratives like global money supply catch-up for institutional entries in this crypto market analysis.
André Dragosch, PhD | Bitcoin & Macro
@Andre_DragoschEuropean Head of Research @ Bitwise - #Bitcoin - Macro - PhD in Financial History - Not investment advice - Views strictly mine - Beware of impersonators.