Bitcoin, Following Global Currency Flow On The Rise…Possibility Up To 160,000 Dollars

Correlation between M2 money supply and Bitcoin price (Source: @InvestAnswers, YT)

Cryptocurrency YouTuber InvestAnswers predicted that Bitcoin is following the M2 money supply flow and could rise up to $160,000 in the short term. He recently stated on his YouTube channel, "This bull market has just begun, and considering the M2-based trend line, it is natural for Bitcoin to currently be in the $120,000~$160,000 range."

He particularly mentioned, "As early as this July, it could reach that price range," emphasizing the bullish scenario. He also cited on-chain data, saying, "Whales holding more than 10,000 BTC are accumulating again, and medium-sized addresses with 100~1,000 BTC are continuously increasing their holdings." On the other hand, "Small holders with less than 10 BTC are still maintaining a selling advantage," he analyzed, indicating that the current market is at a point where the strong buying trend led by whales intersects with the selling trend of small investors.

As the linkage between macroeconomic indicators like M2 and BTC price increases, the short to medium-term price flow of Bitcoin is expected to be determined by the global liquidity flow and the accumulation patterns of the whales.