Bitcoin: Money Supply Correlation Rebounds From Lows

Bitcoin correlation with global money supply has started to increase again from the lowest levels on record, according to André Dragosch, marking a potential redemption arc for the asset this cycle.

Price action shows BTC at $80389.49 testing upper Bollinger resistance at $80306.55 while the 50-EMA at $75943.67 and 200-EMA at $69073.61 anchor the bullish trend structure; with RSI at 66.47 remaining neutral and MACD flashing a death cross at 868.7, a healthy retracement toward the 50-EMA support appears probable before continuation.