Global M2 Money Supply vs Bitcoin
Next move up soon?
Charts pictured: 68 & 76 day offsets
Both have a high average mathematical correlation (76.9% and 76.6%) as shown on the bottom of the table in each chart.
76 day is the more accurate long term offset imo, but 68-day gives us the closest short term visual correlation (since April).
Key takeaway:
👉 BOTH are showing a move up for BTC soon. 👈
How I'm reading this: This is a form of confluence (both charts showing the same near-term next move). This raises probability of a move up coming soon. Within days most likely.
Let's see how it plays out over the coming days. 👀
If these charts are correct, it could get fun soon.
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