๐ Bitcoin's rollercoaster ride continues! Analyst Joe Consorti suggests BTC could retrace to $70K if it maintains its uncanny correlation with the global M2 money supply. Historically, Bitcoin has danced to the M2 tune, often rallying as M2 rises. But hold onto your hatsโConsorti warns of a potential 20-25% correction before the $100K dream.
Not everyone agrees, though. David Quintieri calls Bitcoin too volatile for such comparisons, while Sam KB scratches his head over BTC's rally despite M2's dip. ๐ค
Join the debate! Is Bitcoin's fate tied to M2, or is it just another crypto mystery? Share your thoughts below!