The holy grail of BTC price prediction is global money supply.
While nothing is perfect, the movement of global money supply this cycle has forecasted bitcoin price movements exceptionally well. Previous cycles, money supply more overlapped than predicted, except when the 2020 massive increase in money supply led BTC price higher. The lag between global money supply highs and lows and BTC highs and lows this cycle has been 10-weeks (actually 72 days give or take) for almost all major BTC price movements. I estimate this treatment missed only one BTC price movement. If this holds, we have the key to knowing BTC's price movements.
Can we see into the future using global money supply indicator by SirChub to predict the BTC price? Only time will tell. If correct, we will go on a nice uptrend in price until December 2-6 or so, then see a pullback.
P.S. I only added the bars pattern for a bit of fun, but did take the bars from the last time the money supply increased in a similar manner. It does make sense that we would find our next high near 100K ...and I like spreading hopium. Much more fun than spreading bear poo...and bonus: my hands don't smell like crap afterwards.
Can we see into the future using global money supply indicator by SirChub to predict the BTC price? Only time will tell. If correct, we will go on a nice uptrend in price until December 2-6 or so, then see a pullback.
P.S. I only added the bars pattern for a bit of fun, but did take the bars from the last time the money supply increased in a similar manner. It does make sense that we would find our next high near 100K ...and I like spreading hopium. Much more fun than spreading bear poo...and bonus: my hands don't smell like crap afterwards.
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