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Bitcoin Moves With Gold And M2 Money Supply – Next Rally Loading?

  • Bitcoin is closely following the historic price performance of gold and the trajectory of the global M2 money supply, indicating a potential major rally for the cryptocurrency.
  • Bitcoin's price movements have mirrored those of gold due to similar macroeconomic dynamics like inflation and investor demand for scarce assets. Institutional recognition of Bitcoin as a store of value is increasing.
  • Analysis shows that Bitcoin often lags behind increases in the global M2 money supply by around two months, suggesting a possible upcoming rally for the cryptocurrency.
  • BTC is displaying bullish signs, including the formation of a golden cross on the four-hour chart, indicating a potential further upside. Analysts predict new all-time highs for Bitcoin, but caution about potential risks if critical support levels are breached.

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