Why Bitcoin’s ‘red-hot run’ could correct to ‘$20,000 over the next few weeks’
Bitcoin’s (BTC) price movement correlation with the global money supply (M2) is signaling a possible massive correction for the asset as it seeks to breach the six-figure valuation mark. This relationship hints that Bitcoin could experience a steep drop to $20,000, an almost 80% plunge from its current valuation, according to an Analysis by financial commentary platform The Kobeissi Letter in an X post on December 21. Historically, Bitcoin prices have exhibited a lagged correlation with the global money supply, typically trailing by approximately 10 weeks. Picks for you R.Kiyosaki thanks Bitcoin investors for not trusting ‘Den of Thieves’ 19 hours ago Bitcoin could see another record high if this ‘brick wall’ is breached ...