According to crypto analyst Lark Davis, the global M2 money supply has soared to a record $113 trillion, signaling a […]
The post Bitcoin Poised for Breakout as Global Liquidity Surges to Record Levels appeared first on Coindoo.
According to crypto analyst Lark Davis, the global M2 money supply has soared to a record $113 trillion, signaling a massive expansion of liquidity in the financial system.
In parallel, U.S. M2 has also reached a new all-time high of $21.94 trillion. These surges in money supply come as the S&P 500 recently broke above the 6,200 mark, setting its own all-time high this week.
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Bitcoin, currently trading just 2.3% below its peak, is widely expected to benefit from this surge in liquidity. Davis argues that these macroeconomic developments are setting the stage for a major breakout, with Bitcoin potentially entering a fresh rally phase “any day now.”
Supporting the view is a chart by Bitcoin analytics platform Blockware, showing a clear correlation between global M2 growth and Bitcoin price appreciation over the past two years. As monetary supply continues to expand, Bitcoin has historically responded with upward momentum, a pattern that could soon repeat.
With traditional equities climbing and monetary expansion accelerating, Bitcoin’s next leg up may be approaching faster than expected.
The post Bitcoin Poised for Breakout as Global Liquidity Surges to Record Levels appeared first on Coindoo.
Source: https://coindoo.com/bitcoin-poised-for-breakout-as-global-liquidity-surges-to-record-levels/
[ajax_load_more]Benson Toti
Benson Toti
Benson Toti