Bitcoin Bull Market May Continue with Potential Price Surge
- Bitcoin price could reach $160,000, following the global M2 money supply trend.
- Whales holding over 10,000 Bitcoin are at peak accumulation levels (around 0.95).
- The 1,000 to 10,000 Bitcoin cohort and the 100 to 1,000 cohort are increasing their holdings (up about 0.9).
- The Top and Bottom Indicator suggests Bitcoin’s bull run is ongoing, currently in a “yellow” phase.
An analyst suggests that Bitcoin’s price might hit $160,000 as it closely follows the global M2 money supply trend. Whales are accumulating significantly, indicating continued interest in Bitcoin’s potential growth.
Source (2.6)https://dailyhodl.com/2025/05/03/good-things-are-ahead-investanswers-says-bitcoin-bull-run-not-over-unveils-btc-targets-over-coming-weeks/?rand=59076
