Can Bitcoin Price Still Reach $140,000? Insights from Global M2 Money Supply

The future of Bitcoin's price is under examination as analysts investigate whether it can indeed hit the $140,000 mark. Given Bitcoin's recent price fluctuations and downturn, the skepticism surrounding such a dramatic increase is understandable. However, recent analysis points to the global M2 Money Supply as a critical element that could support a significant price surge for the cryptocurrency.

Key Takeaways

Analysts are exploring the relationship between Bitcoin's price movement and the global M2 Money Supply.
Analyst 'MoneyLord' forecasts a potential rise to $140,000 for Bitcoin based on M2 data trends.
Current market manipulations and stress are seen as temporary factors affecting Bitcoin's price, which could soon realign with M2 trends.
Bitcoin is trading around $90,000 and would need a 55% increase to surpass its previous peak and reach $140,000.
Bitcoin demonstrates resilience despite market sell-offs, confirmed by its continued consolidation within an ascending triangle pattern.

Bitcoin

The Role of Global M2 Money Supply in Bitcoin's Potential Surge

Pseudonymous cryptocurrency analyst ‘MoneyLord’ has projected a significant price increase for Bitcoin, foreseeing it reaching the $140,000 threshold based on M2 data insights. Critics may question the relevance of M2 Money Supply, but according to MoneyLord, this model remains valid despite its recent disconnect from Bitcoin's price action. He attributes this disconnect to aggressive market interference and increased pressure within the global financial systems.

In a report shared on X, MoneyLord emphasized that under normal market conditions—absent heavy manipulation and the collapse of major institutions—Bitcoin’s price would likely have closely followed the growth of global liquidity. He believes that this recent turmoil has temporarily held back Bitcoin's price, contributing to its current slower momentum. As market conditions stabilize, he suggests Bitcoin is well-positioned to align once again with M2 Money Supply trends, possibly paving the way for renewed upward momentum.

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Source: Chart from MoneyLord on X

From this viewpoint, the current price phase is perceived as a delayed response rather than a failed cycle. MoneyLord asserts that if Bitcoin begins to align with the M2 data, the anticipated price target of exceeding $140,000 could be reached sooner than many expect. A chart accompanying his analysis displays global liquidity (indicated by a blue line) on an upward trajectory toward this projected price.

Presently, Bitcoin's trading value hovers around $90,000, following a decline of over 6% this month. To achieve the $140,000 target, Bitcoin would need to gain at least 55%, establishing a new all-time high that surpasses the previous peak of over $126,000.

Bitcoin's Resilience in the Face of Market Volatility

In the wake of substantial sell-offs that have rattled market confidence and led to widespread liquidations, Bitcoin has shown signs of recovery. Analyst Don noted that bullish traders have engaged to secure essential support levels, lending renewed confidence as Bitcoin resumes trading within a clearly defined ascending triangle pattern.

The chart presented indicates that the triangle forms an upper boundary around $94,324 and a lower boundary near $89,241. The ongoing price actions suggest that Bitcoin is not only consolidating but also likely gaining momentum for a potential breakout.

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BTC trading at $89,563 on the 1D chart | Source: BTCUSDT on Tradingview.com