Crypto analysts Colin and Titan of Crypto predict that Bitcoin could exceed $100,000 soon, buoyed by record Global M2 money supply levels, though a price dip may occur before a potential surge. Colin warns to remain patient and not react to short-term price fluctuations. Current Bitcoin price stands at approximately $85,400, up 1% in the last 24 hours.
Crypto analyst Colin has expressed confidence that Bitcoin’s performance against the Global M2 money supply remains bullish, potentially pushing its price above $100,000. He forecasts that Bitcoin may soon reach a new all-time high (ATH) based on the current high levels of the Global M2 money supply, which has peaked for three consecutive days, indicating positive momentum for Bitcoin and similar assets.
Colin warns, however, that it might take several weeks for liquidity to move into Bitcoin, suggesting that the present indicators show a gradual decline until approximately April 16th or 17th. During this period, he suspects another buying opportunity may arise before any significant price increase, projecting a possible surge to as high as $144,000 when liquidity does enter the market.
Furthermore, Colin has advised traders to maintain a long-term perspective as the Global M2 money supply experiences fluctuations. He highlights that historical data reveals a 20% deviation typically occurs, urging investors not to react hastily to minor price shifts, especially if Bitcoin shifts downwards.
In another update, analyst Titan of Crypto noted a potential Bitcoin momentum flip. He observed a significant shift in momentum via the LMACD indicator, along with robust price action on the weekly chart. Titan’s analysis suggests that Bitcoin could aim for a price recovery to around $90,000.
Coinciding with this analysis, Titan mentioned signs of an impending breakout for Bitcoin, as indicated by the weekly Relative Strength Index (RSI) breaking its trendline, signalling a notable shift in momentum. As of this report, Bitcoin’s price is approximately $85,400, reflecting a 1% increase over the previous 24 hours, based on CoinMarketCap data.
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