Open account

Analyst Says Everyone Misunderstood The M2-Bitcoin Relationship, Here’s What Happens

An analyst (KillaXBT) argues the M2–Bitcoin relationship has been widely misunderstood and that Bitcoin is still following M2’s longer-term pattern. Using three past bull/bear cycles, the analyst says Bitcoin typically peaks before M2, after which M2 continues rising and only when M2 finally tops does Bitcoin enter a prolonged downtrend. Because M2 has not yet peaked, the analyst warns the current Bitcoin decline may not be over — a bearish signal for prices and investor positioning. The article notes BTC failed to hold $78,000 and urges investors to brace for further downside until the M2 cycle completes.

Category

Bitcoin

Sentiment

Bearish

Event

Market commentary

Reading time

1 min