Blast Off Alert: Bitcoin to Moon? 🚀💸

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In a thrilling turn of events, a chap known far and wide on the social media platform X as “The M2 Guy” (one Colin, a crypto analyst of some renown) has been making a ripping case for a forthcoming bullish extravaganza in the realm of Bitcoin. His assertion, based on a cracking correlation between the cryptocurrency’s price wobbles and the Global M2 money supply, has set tongues a-wagging amongst traders. 🐕

A Spot of Good Cheer: Bitcoin’s Impending Rally May Mirror M2’s Smashing Success 🚀

Colin, our intrepid analyst, has been beavering away, constructing a compelling narrative around the symbiotic relationship between Bitcoin and macro liquidity trends. His sanguine outlook on Bitcoin’s prospects is rooted in an ingenious offset correlation between the cryptocurrency’s daily candlestick chart capers and the global M2 money supply. Quite the brain-twister, if we do say so ourselves! 🤔

For those not in the know, Colin previously observed that Bitcoin’s price action on the daily candlestick chart has a ripping correlation on the 70-day and 107-day offsets. His latest missive, however, fixes upon the 107-day offset as “the most likely scenario” – a veritable tipping point, if you will. 🔄

Now, But, dear reader, don’t expect a fleeting, one-day wonder. Oh no, Colin prophesies a rally of at least two months’ duration, courtesy of the global M2 supply’s vertiginous ascent. 📈

As for the timing of this grand symphony, the 107-day offset points to an April 30 kick-off, give or take a mathematical tweak or two. Should the M2 line continue its merry climb, the rally might just outstay its welcome – in the best possible way, of course! 🎉

The Bigger Picture, Old Chap: Don’t Get Bogged Down in the Details 🙅‍♂️

Colin cautions against an overemphasis on the precise date, urging followers to keep their eyes on the macro prize. “Don’t get caught up in the weeds,” he wisely advises. The overarching narrative, replete with soaring global M2 levels, is poised to create a veritable Eden for Bitcoin and its crypto brethren to flourish in. 🌿

Price target, you ask? Well, the global M2 money supply’s current trajectory is boldly pointing to a rally above a whopping $140,000. And, if certain intriguing predictions are to be believed, Bitcoin’s price might just double before the clock strikes midnight on 2025. 🕰️

At the time of writing, Bitcoin is lounging about at $84,310, having spent the last 24 hours engaged in a thrilling game of “spot the difference” between $83,700 and $84,300. Based on this M2 correlation analysis, bullish Bitcoin investors might need to twiddle their thumbs for at least another month before the predicted rally materializes. 🕒

This interim period may prove a trifle trying for short-term traders, depending on their positioning and risk tolerance (or lack thereof). On the flip side, it presents long-term holders with a spiffing opportunity to accumulate more bitcoins at the current low price, all in anticipation of the impending rally. 🤑

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2025-03-23 01:18