TIL that the M2 money supply index is actually a pretty reliable indicator for predicting Bitcoin's trend! By offsetting the index by 70-75 days, it's crazy how well it correlates with BTC's price. According to the analysis, it looks like we're in for a 13-day consolidation period starting from October 2nd, followed by another rally. And get this - this rally is expected to reach new highs, with a potential all-time high (ATH) by the end of October!
Note
Predicted ATH could be in the first or second week of November.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.