Bitcoin $BTC has shown a consistent trend of correcting by 20% or more whenever it touched the trendline starting from the $15k bottom. Based on the current rejection from its recent highs, a drop to $85k is projected.
🔍 Bitcoin as a Proxy for Global M2
Data suggests that Bitcoin closely mirrors global M2 (a measure of global liquidity), but with a 10-week lag. As global M2 is currently on a downward trend, Bitcoin appears to be following suit, with potential movement toward the $80k level.
💡 Key Takeaway:
If the global liquidity contraction continues, Bitcoin’s price could face additional downward pressure. However, these corrections may also present strategic entry opportunities for long-term investors.
