Related: Bollinger Bands creator says Bitcoin forming 'classic' floor near $80KThe global M2 money supply, with which Bitcoin price action is positively correlated, is seeking to break out beyond all-time highs.“Global M2 has remained at an ATH for 3 days in a row,” popular analyst Colin Talks Crypto noted in a dedicated X post on the phenomenon this weekend. “This is a fantastic sign for what it signals will be coming into risk assets in ~108 days.”BTC/USD vs.global M2 supply.
Source: Cointelegraph/TradingViewNext, however, comes the real test — breaking beyond a downward-sloping trend line that has capped the upside for months.$BTC - #Bitcoin: I’m watching this chart closely.We might be ready.pic.twitter.com/Dtv1jkrzkP— Crypto Caesar (@CryptoCaesarTA) April 12, 2025“Rejected at key resistance, following the trendline perfectly,” popular trader Bitbull wrote in his latest post on the topic on X. “If the breakdown continues, eyes on the $70K-$72K support zone for a possible bounce.”BTC/USD 12-hour chart.
Continuing, trading firm Mosaic Asset agreed that bonds may have been crucial in altering policy trajectory last week.“It’s the volatility in other areas of the markets like currencies and Treasury bonds that might have forced a quick pivot on trade and tariff policy,” it summarized in the latest edition of its regular newsletter, “The Market Mosaic,” on April 13.“The uncertainty around tariffs has become a binary and unpredictable event for the stock market.
or
Share This Story
Article Details
Author / Journalist: Cointelegraph by William Suberg
The story "Trade war vs. record M2 money supply: 5 things to know in Bitcoin this week" has 1292 words across 49 sentences, which will take approximately 6 - 11 minutes for the average person to read.
Which news outlet covered this story?
The story "Trade war vs. record M2 money supply: 5 things to know in Bitcoin this week" was covered 1 days ago by Coin Telegraph, a news publisher based in United States.
How trustworthy is 'Coin Telegraph' news outlet?
Coin Telegraph is a fully independent (privately-owned) news outlet established in 2013 that covers mostly crypto news.
The outlet is headquartered in United States and publishes an average of 26 news stories per day.
It's most recent story was published 7 hours ago.
What do people currently think of this news story?
The sentiment for this story is currently Negative, indicating that people regard this as "bad news".
How do I report this news for inaccuracy?
You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
