Storm Ahead? Bitcoin Price Could Tumble 20% Due To M2 Supply Concerns

Quick Summary:

Global M2 in ⚪️ Bitcoin in 🟠 pic.twitter.com/PlPoaHUoFR — Joe Consorti ⚡️ (@JoeConsorti) November 25, 2024 That is, Bitcoin’s price is likely to follow the trend of M2 going down in the near future.

Investors have expressed apprehension regarding the recent price fluctuations of Bitcoin, particularly in light of analysts’ predictions of a 20-25% decline in the global M2 money supply.

We’ll have to see if BTC follows it all the way down, or stops short & finds support.🍿🍿🍿 pic.twitter.com/oEGOuYYRio — Joe Consorti ⚡️ (@JoeConsorti) November 26, 2024 Bitcoin has been weakening as it can’t stay over $94,000.

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Article Details

Author / Journalist: Christian Encila

Category: Crypto

Markets: United KingdomCanadaSouth KoreaMaliPhilippines

Topics: Crypto Bitcoin M2 Bitcoin price Btcusd Bitcoin Btc

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-28 @ 14:30:30 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 460 words

Reading Time: 3 minutes read

Sentences: 72 lines

Sentence Length: 7 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 23923781

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Main Topics: Crypto

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