Bitcoin’s trajectory towards new all-time highs above $100,000 appears increasingly likely as the Global M2 money supply metric flashes strongly bullish signals. Crypto analyst Colin’s latest analysis suggests BTC could reach as high as $144,000 in the coming months, backed by compelling macro indicators.
This bullish outlook aligns with recent institutional developments, as highlighted in recent news of major Bitcoin acquisitions by institutional players, demonstrating growing confidence in BTC as a monetary asset.
Global M2 Money Supply Analysis Points to Bitcoin Breakout
According to Colin’s detailed analysis shared on X (formerly Twitter), the Global M2 money supply metric has maintained all-time high levels for three consecutive days. This sustained elevation represents a “fantastic sign” for Bitcoin and other risk assets, though the analyst cautions that actual liquidity flows into BTC may take several weeks to materialize.
Key Technical Levels and Timeline
The analysis projects a potential “slow bleed” until mid-April, specifically around April 16-17, creating what could be the last major dip buying opportunity before a significant price surge. Technical indicators suggest the real breakout movement may not initiate until May 2025.
Understanding Global M2’s Impact on Bitcoin
Colin emphasizes the importance of viewing the Global M2 metric through a macro lens, noting that:
- The correlation shows 20% deviation periods
- Short-term price movements shouldn’t overshadow the broader trend
- Patience is crucial for capitalizing on this macro indicator
Additional Technical Confirmation
Supporting this bullish outlook, analyst Titan of Crypto has identified a potential momentum flip in Bitcoin’s price action. Key technical indicators showing strength include:
- LMACD displaying clear momentum shift
- Weekly chart showing robust price action
- RSI breaking key trendline resistance
- Price targeting $90,000 in the near term
Current Market Position
As of the latest market data, Bitcoin trades at $85,400, showing a 1% increase over 24 hours. This price level positions BTC strategically for its projected move toward the $100,000 milestone.
FAQ Section
What is the Global M2 money supply?
Global M2 money supply is a measure of the money supply that includes cash, checking deposits, and easily convertible near money. It’s considered a key indicator of potential asset price inflation.
Why is the $144,000 target significant?
This price target represents a key technical and psychological level based on Global M2 correlation patterns and historical price action analysis.
When could Bitcoin reach these predicted levels?
According to the analysis, the major price movement could begin in May 2025, following a potential dip in mid-April.