Bitcoin is showing a weaker performance in the daily chart, dropping nearly 5% from the $65,000 and $66,000 resistance zone.
An analyst predicts that Bitcoin could reach $90,000 in the next two months if it continues to track the global M2 money supply trend.
The global liquidity is rising, which could potentially support Bitcoin's price increase.
China's monetary policy changes and the Federal Reserve's plans to drop rates further may contribute to the expansion of global M2 money supply, benefiting Bitcoin and risk-on assets.