Comparing Bitcoin’s price action to the Global M2 Money Supply with a 90-day offset reveals potential macro-driven trends. As liquidity expands or contracts globally, Bitcoin often reacts with a delay. This chart aims to visualize the relationship between monetary expansion and BTC price movement, helping spot broader cycle shifts and long-term momentum.
Bitcoin is forming a bullish pennant on the daily timeframe. A classic continuation pattern following strong upward momentum. A breakout above the resistance trendline could signal the next leg up. Watching closely for volume confirmation and a potential retest before continuation. Bullish bias remains intact as long as support holds.
Bitcoin has a CME gap at $103.292 . Historically, these gaps tend to get filled and if it happens again, it could mean a short-term move before continuation.
