Is Bitcoin overdue for a correction?
In the past, #Bitcoin prices have followed global money supply with ~10 week lag.
As global money supply hit a new record of $108.5 trillion in October, Bitcoin prices reached an all-time high of $108,000.
Over the last 2 months, however, money supply has dropped by $4.1 trillion, to $104.4 trillion, the lowest since August.
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.