Bitcoin Price Rebounds, Analyst Predicts May Rally
- Bitcoin’s price fell to $74,000 on Monday but rebounded towards $80,000.
- A crypto analyst highlights Bitcoin’s correlation with the Global M2 Money Supply.
- The analyst suggests a potential Bitcoin rally starting in May, possibly reaching $128,000.
- Short-term risks include policy concerns related to “Trump tariffs.”
- Bitcoin is currently trading at $79,255, up by 5.5% in the past 24 hours.
Bitcoin’s recent price recovery aligns with an analyst’s observation of its correlation with the Global M2 Money Supply. The analyst forecasts a significant rally in May if current trends continue.
Source (2.6)https://www.newsbtc.com/news/bitcoin/bitcoin-mirrors-global-m2/?rand=52377
