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Why Bitcoin’s ‘red-hot run’ could correct to ‘$20,000 over the next few weeks’
Bitcoin’s (BTC) price movement correlation with the global money supply (M2) is signaling a possible massive correction for the asset as it seeks to breach the six-figure valuation mark.
This relationship hints that Bitcoin could experience a steep drop to $20,000, an almost 80% plunge from its current valuation, according to an analysis by financial commentary platform The Kobeissi Letter in an X post on December 21.
Historically, Bitcoin prices have exhibited a lagged correlation with the global money supply, typically trailing by approximately 10 weeks.
The entity stated that this trend aligns with the recent peak in the supply, which hit a record $108.5 trillion in October before falling by $4.1 trillion to $104.4 trillion as of December, the lowest level since August.
Source: Joe Consorti
Notably, the decline coincides with Bitcoin’s recent retreat, which saw the cryptocurrency face the threat of plunging below $90,000.
“If the relationship still holds, this suggests that Bitcoin prices could fall as much as $20,000 over the next few weeks. Bitcoin’s red-hot run may take a pause,” the platform noted.
The analysis noted that Bitcoin’s valuation may decline if this historical relationship persists.
Fate of Bitcoin price correlation with M2
At the same time, in an X post on December 18, Bitcoin custody firm Theya’s head of growth, Joe Consorti, noted that investors should anticipate two possible outcomes with the two continuing to show correlation.
Consorti suggested Bitcoin could decouple from this pattern, driven by strong demand within its ecosystem. He also warned that tightening liquidity could lead to a deep mid-cycle correction if the correlation persists.
Elsewhere, Jamie Coutts, chief crypto analyst at Real Vision, highlighted Bitcoin’s correlation with global money supply as a key indicator of its future trajectory. In a late November post on X, Coutts projected the M2 money supply to exceed $127 trillion by 2025, an 18% increase driven by economic and monetary factors.
He noted that Bitcoin has historically absorbed about 10% of new liquidity, suggesting the cryptocurrency could see substantial inflows during this period.
Source: Jamie Coutts
However, not all market players believe the M2 correlation with Bitcoin will dictate the digital currency’s price movement. An X user with the pseudonym CryptoAnarchyst argued that the money supply is no longer a key indicator for Bitcoin, as the market has shifted from retail-driven to institutional and derivative-led.
The user stated that with the rise of exchange-traded funds (ETFs), retirement funds, and corporations, the focus has moved away from traditional liquidity measures, and relying on M2 could lead to poor decision-making in the current market.
Disclamation: Recommendations, suggestions, views given by the crypto experts. It’s not financial advice. You must do your own research before investing crypto markets. Enjoy your trading. DYOR.
#RideTheKaiaWave #BTC☀️ #Bitcoin❗ #Bitcoin's #CPIUpdateOctober
This relationship hints that Bitcoin could experience a steep drop to $20,000, an almost 80% plunge from its current valuation, according to an analysis by financial commentary platform The Kobeissi Letter in an X post on December 21.
Historically, Bitcoin prices have exhibited a lagged correlation with the global money supply, typically trailing by approximately 10 weeks.
The entity stated that this trend aligns with the recent peak in the supply, which hit a record $108.5 trillion in October before falling by $4.1 trillion to $104.4 trillion as of December, the lowest level since August.
Source: Joe Consorti
Notably, the decline coincides with Bitcoin’s recent retreat, which saw the cryptocurrency face the threat of plunging below $90,000.
“If the relationship still holds, this suggests that Bitcoin prices could fall as much as $20,000 over the next few weeks. Bitcoin’s red-hot run may take a pause,” the platform noted.
The analysis noted that Bitcoin’s valuation may decline if this historical relationship persists.
Fate of Bitcoin price correlation with M2
At the same time, in an X post on December 18, Bitcoin custody firm Theya’s head of growth, Joe Consorti, noted that investors should anticipate two possible outcomes with the two continuing to show correlation.
Consorti suggested Bitcoin could decouple from this pattern, driven by strong demand within its ecosystem. He also warned that tightening liquidity could lead to a deep mid-cycle correction if the correlation persists.
Elsewhere, Jamie Coutts, chief crypto analyst at Real Vision, highlighted Bitcoin’s correlation with global money supply as a key indicator of its future trajectory. In a late November post on X, Coutts projected the M2 money supply to exceed $127 trillion by 2025, an 18% increase driven by economic and monetary factors.
He noted that Bitcoin has historically absorbed about 10% of new liquidity, suggesting the cryptocurrency could see substantial inflows during this period.
Source: Jamie Coutts
However, not all market players believe the M2 correlation with Bitcoin will dictate the digital currency’s price movement. An X user with the pseudonym CryptoAnarchyst argued that the money supply is no longer a key indicator for Bitcoin, as the market has shifted from retail-driven to institutional and derivative-led.
The user stated that with the rise of exchange-traded funds (ETFs), retirement funds, and corporations, the focus has moved away from traditional liquidity measures, and relying on M2 could lead to poor decision-making in the current market.
Disclamation: Recommendations, suggestions, views given by the crypto experts. It’s not financial advice. You must do your own research before investing crypto markets. Enjoy your trading. DYOR.
#RideTheKaiaWave #BTC☀️ #Bitcoin❗ #Bitcoin's #CPIUpdateOctober
#Bitcoin's liquidity is sitting above $110k, showing strong market support. 💪🏻
Currently, $BTC is trading at $97,379, with a high of $99,496 and a low of $95,447 today. 📈
With this market trend, Bitcoin’s price could rise soon. 🚀
Do you think Bitcoin will break $110,000 soon? 🤷♂️
Currently, $BTC is trading at $97,379, with a high of $99,496 and a low of $95,447 today. 📈
With this market trend, Bitcoin’s price could rise soon. 🚀
Do you think Bitcoin will break $110,000 soon? 🤷♂️
$LUNA remains strong despite #Bitcoin's volatility, holding steady at $0.37, with a target of $0.93. As volume increases, this asset is primed for long-term growth. Traders should act before the momentum builds further, as $LUNA holds substantial upside potential.
#USUALAnalysis
#MarketPullback #USJoblessClaimsFall
$LUNA
#USUALAnalysis
#MarketPullback #USJoblessClaimsFall
$LUNA
Bitcoin price Prediction
As social media references of "Buy the Dip" hit their highest level in eight months, the world of digital currencies is in disarray. Recent data indicates that this trend began on December 19, 2024, when the price of Bitcoin dropped below the psychological $100,000 mark. But is it possible to set a new ATH of $118,000 before 2025?
An exuberant trader leaping with delight in a single bitcoin trading room while a huge screen displays 8,000
Why is there a spike in "Buy the Dip" posts on social media while bitcoin is declining?
After recently hitting the all-time high of $107,600, Bitcoin fell to $95,500, which sparked a flurry of conversations about whether it was still a good time to buy. After that, references to "Buy the Dip" attained a social dominance score.
#WeAreAllSatoshi #RideTheKaiaWave #Bitcoin's #Binance #cripto
As social media references of "Buy the Dip" hit their highest level in eight months, the world of digital currencies is in disarray. Recent data indicates that this trend began on December 19, 2024, when the price of Bitcoin dropped below the psychological $100,000 mark. But is it possible to set a new ATH of $118,000 before 2025?
An exuberant trader leaping with delight in a single bitcoin trading room while a huge screen displays 8,000
Why is there a spike in "Buy the Dip" posts on social media while bitcoin is declining?
After recently hitting the all-time high of $107,600, Bitcoin fell to $95,500, which sparked a flurry of conversations about whether it was still a good time to buy. After that, references to "Buy the Dip" attained a social dominance score.
#WeAreAllSatoshi #RideTheKaiaWave #Bitcoin's #Binance #cripto
#Bitcoin's recent price crash has been attributed to two main factors: the Mt. Gox payout and comments from Federal Reserve Chairman Jerome Powell. On December 19, 2024, Mt. Gox, the notorious exchange that collapsed years ago, began distributing $100 million worth of Bitcoin to creditors. This large-scale distribution, expected to continue over the coming days, could create significant selling pressure, contributing to the recent price decline. Additionally, Jerome Powell’s anti-crypto comments, stating that the Fed has "no desire to own Bitcoin" and will not change related laws, have further dampened market sentiment. These factors, combined, have led to heightened uncertainty, causing Bitcoin’s price to dip, with concerns that it may drop even further as the distribution continues and market sentiment remains negative.
#USJoblessClaimsFall #CorePCESignalsShift
#USJoblessClaimsFall #CorePCESignalsShift
#Bitcoin's price action appears to be moving sideways in a calm manner, making it seem ideal for the weekend. Many believe this trend will hold steady. If $BTC manages to maintain its position without revisiting the key liquidity zone near $89,000, it may be challenging to see the price drop back into the $70,000s or $80,000s.
At present, according to the plan shared yesterday, Bitcoin is hovering around $95,300. The price could experience a minor surge of $400–$600, but that would likely be the maximum. As the holiday season approaches, with Christmas just around the corner, there’s a natural tendency for people to cash out some of their holdings. This sentiment might contribute to a slight dip in the price.
However, theory alone doesn’t run the market, does it? This is where market makers come into play, constantly keeping traders guessing with unexpected moves. So, instead of stressing over every minor fluctuation, let’s take a step back, observe, and enjoy the market’s behavior. It’s Sunday after all—perfect for relaxing and letting the market play out naturally.
#BTCNextMove #MarketPullback #USJoblessClaimsFall
At present, according to the plan shared yesterday, Bitcoin is hovering around $95,300. The price could experience a minor surge of $400–$600, but that would likely be the maximum. As the holiday season approaches, with Christmas just around the corner, there’s a natural tendency for people to cash out some of their holdings. This sentiment might contribute to a slight dip in the price.
However, theory alone doesn’t run the market, does it? This is where market makers come into play, constantly keeping traders guessing with unexpected moves. So, instead of stressing over every minor fluctuation, let’s take a step back, observe, and enjoy the market’s behavior. It’s Sunday after all—perfect for relaxing and letting the market play out naturally.
#BTCNextMove #MarketPullback #USJoblessClaimsFall
This opinion article explores the potential for Bitcoin and crypto to become more mainstream as major brands start to accept digital assets for payments. With #Bitcoin's recent price increase and growing optimism in the industry, the article suggests that significant adoption could be driven not only by technological advances but by key brands in non-financial sectors embracing crypto. Brands like Printemps, Virgin Voyages, and S.T. Dupont have begun accepting Bitcoin and Ethereum, signaling a shift toward crypto integration. The piece emphasizes that collaborations between crypto and well-known companies could pave the way for broader adoption, particularly with the support of platforms like GT Protocol, which integrates AI with crypto for e-commerce and brand collaboration. While mainstream adoption won't happen overnight, the growing involvement of major brands could accelerate crypto's presence in the retail and e-commerce spaces.
#USJoblessClaimsFall #USUALBullRun
#USJoblessClaimsFall #USUALBullRun
🚀 BULLISH: #Bitcoin's market cap 🔥 hits 14% of gold’s, setting a new ATH in the race vs the precious metal! 🪙✨
💭 Do you think #Bitcoin will ever beat gold as the ultimate store of value? 💰💎
#Crypto #BTCvsGold #BitBounty
$BTC $BCH $BNB
💭 Do you think #Bitcoin will ever beat gold as the ultimate store of value? 💰💎
#Crypto #BTCvsGold #BitBounty
$BTC $BCH $BNB
$BTC
#Bitcoin's
The block chain is a shared public ledger on which the entire Bitcoin network relies. All confirmed transactions are included in the block chain. It allows Bitcoin wallets to calculate their spendable balance so that new transactions can be verified thereby ensuring they're actually owned by the spender. The integrity and the chronological order of the block chain are enforced with cryptography.
A transaction is a transfer of value between Bitcoin wallets that gets included in the block chain. Bitcoin wallets keep a secret piece of data called a private key or seed, which is used to sign transactions, providing a mathematical proof that they have come from the owner of the wallet. The signature also prevents the transaction from being altered by anybody once it has been issued. All transactions are broadcast to the network and usually begin to be confirmed within 10-20 minutes, through a process called mining.
#Bitcoin's
The block chain is a shared public ledger on which the entire Bitcoin network relies. All confirmed transactions are included in the block chain. It allows Bitcoin wallets to calculate their spendable balance so that new transactions can be verified thereby ensuring they're actually owned by the spender. The integrity and the chronological order of the block chain are enforced with cryptography.
A transaction is a transfer of value between Bitcoin wallets that gets included in the block chain. Bitcoin wallets keep a secret piece of data called a private key or seed, which is used to sign transactions, providing a mathematical proof that they have come from the owner of the wallet. The signature also prevents the transaction from being altered by anybody once it has been issued. All transactions are broadcast to the network and usually begin to be confirmed within 10-20 minutes, through a process called mining.
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41 гласа • Гласуването приключи
The latest #news in the cryptocurrency market includes several important developments:
1. #Bitcoin's Performance: Bitcoin has recently surpassed the 103,000 USDT mark, with a 1.67% increase in the last 24 hours 📈💰.
2. #Regulatory Changes: U.S. lawmakers are discussing the future of crypto regulations. Rep. French Hill has outlined a pro-crypto agenda that could shape the future of digital currencies in the U.S. 🇺🇸⚖️.
3. #Stablecoin and CBDC News: The U.S. Treasury has highlighted that the growth of stablecoins is increasing the demand for Treasury bills, while Malaysia is exploring the use of central bank digital currencies (CBDC) for large-scale payments 💸🌐.
4. #Market Trends: The market is awaiting a possible interest rate cut by the Federal Reserve, which could influence cryptocurrency market dynamics 📉🏦.
These stories reflect ongoing shifts in both regulatory environments and market behavior, offering potential opportunities and risks for crypto investors.
1. #Bitcoin's Performance: Bitcoin has recently surpassed the 103,000 USDT mark, with a 1.67% increase in the last 24 hours 📈💰.
2. #Regulatory Changes: U.S. lawmakers are discussing the future of crypto regulations. Rep. French Hill has outlined a pro-crypto agenda that could shape the future of digital currencies in the U.S. 🇺🇸⚖️.
3. #Stablecoin and CBDC News: The U.S. Treasury has highlighted that the growth of stablecoins is increasing the demand for Treasury bills, while Malaysia is exploring the use of central bank digital currencies (CBDC) for large-scale payments 💸🌐.
4. #Market Trends: The market is awaiting a possible interest rate cut by the Federal Reserve, which could influence cryptocurrency market dynamics 📉🏦.
These stories reflect ongoing shifts in both regulatory environments and market behavior, offering potential opportunities and risks for crypto investors.
#bitcoin's trading volume hit a 4-week high as yesterday's price frenzy capped off a +13% week of growth. Other than #Ethereum getting a slight boost of its own, most other trading volumes have been mainly dormant in comparison.
#cryptohustle #crypto #dyor
#cryptohustle #crypto #dyor