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Bitcoin Nears $112K as Rally Pauses Amid Strong M2 Growth

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Source: NewsBTC
Bitcoin Nears $112K as Rally Pauses Amid Strong M2 Growth
Photo: NewsBTC
TL;DR

Bitcoin recently hit an all-time high of $111,900 but experienced a correction below $110,000. Despite the pullback, analysts suggest the bullish trend remains intact, supported by a strong correlation between Bitcoin's price and the global M2 money supply, which is at a new high. Market sentiment remains cautious, but data indicates potential for further gains toward $130,000 if the trend continues.

Topics:businessfinance#bitcoin#cryptocurrency#finance#m2-money-supply#market-analysis#price-correction
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  1. Is The Bitcoin Rally Over After $111,900 ATH? Global M2 Money Supply Is Still Going  NewsBTC
  2. Bitcoin hovers near $111,000 as crypto momentum grows  Yahoo Finance
  3. Bitcoin Rally Stalls Below $110K as Short-Term Holders Take $11B Profits  CoinDesk
  4. Why bitcoin has rallied to a $112,000 record high while stocks are wobbling  MarketWatch
  5. Unusual Bitcoin MVRV Event Bodes Well for Long-Term Outlook - Here's Why  Bitcoinist.com

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