Global M2 Money Supply
Global M2 has been leading BTC price action very closely by 10 weeks.
Roughly 12 days from today for upward price action to strongly resume, if the correlation holds.
A wick down to 73-74k is nothing to worry about. In terms of time we are likely very close to the bottom, if it's not already in.
You can use the indicator on your chart for free below.
Shout out to Mik3Christ3ns3n for the original indicator.
Global M2 has been leading BTC price action very closely by 10 weeks.
Roughly 12 days from today for upward price action to strongly resume, if the correlation holds.
A wick down to 73-74k is nothing to worry about. In terms of time we are likely very close to the bottom, if it's not already in.
You can use the indicator on your chart for free below.
Shout out to Mik3Christ3ns3n for the original indicator.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.