Bitcoin opposite. M2 global money is still ascending to pay the price to a new ATH above $ 100,000
Crypto Colin analyst confirmed that Bitcoin against the global M2 money show is still optimistic. Accordingly, it is expected that the pioneer’s encryption will soon succeed 100,000 dollars and gather to a new Absolute (ATH) In the coming months.
Bitcoin opposite. M2 Money Supply is still optimistic like BTC Eyes New Ath
in X postCullen stated that the global M2 remained at the highest level ever for three days in a row, and indicated that it was a “great sign” on bitcoin and other risk assets. However, he warned that it still takes a few weeks before liquidity flows to BTC. His accompanying plan showed that The main encryption can collect To up to $ 144,000 when this happens.
Meanwhile, Colin expects that there may be another chance to purchase a decline since then World M2 The explosion does not appear for one week to two weeks. Instead, slow bleeding appears until about 16 or 17 April. As such, the analyst seems convinced that there will be another chance to buy. It should be noted that his scheme showed that the explosion may not happen until May.
Meanwhile, Colin warned of skeptics and Flip-Floppers, noting that the global M2 is a Macro scheme and that it is better to see it in this way and patience. He added that they should not be affected by every small price movement, even when the bitcoin is separated to the negative side.
He also pointed out that this is supported by the fact that the global M2 will determine 20 % of the time due to the sporting association, including deviations in the ups and the negative side. However, Colin noted that this is the reason that the market participants should be made in order to calculate that period of 20 %. The analyst concluded that it would not be very fast in judging the M2 compensation for every short -term Bitcoin price movement.
BTC momentum may happen
Encryption Titan from encryption He pointed out that bitcoin momentum may happen. He revealed that LMACD shows a clear shift in the momentum, while the price movement offers strength on the weekly graph. He added that the momentum and the temple are aligned. His accompanying scheme showed that BTC would seek to restore $ 90,000 on this momentum.
Related reading: Crypto CEO reveals the reason for the end of the Bitcoin Bull market with a collapse of less than $ 80,000
In another X Publication, Titan of Crypto stated that the main penetration was on the horizon for the Bitcoin price. He claimed that BTC could be about to reflect Weekly Relative Power Index (RSI) Just break the trend line, which is a major transformation in momentum.
At the time of this report, Bitcoin price is traded by about 85,400 dollars, an increase of more than 1 % in the past 24 hours, according to Data From Coinmarketcap.
Distinctive image from Adobe Stock, Chart from TradingView.com
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