Bitcoin (BTC) price is poised for a potential surge despite recent market fluctuations. Analysts are optimistic about a future rally, predicting that the leading cryptocurrency could exceed $130,000 by July, fueled by established market patterns and increasing global liquidity. 
Chart analysis suggests this upward trajectory may continue if certain indicators remain bullish. Notably, Bitcoin price aligns with global M2 money supply trends and echoes previous rallies, signaling a promising future for the cryptocurrency. 
The correlation between Bitcoin’s price and M2 liquidity is strengthening, according to analyst Ted (@TedPillows). He shared a chart demonstrating the link: historically, M2 has closely mirrored Bitcoin’s price movements, especially during periods of stagnant global liquidity. If this trend continues, we could see Bitcoin breaking through $120,000 and potentially even exceeding $130,000 by July. Another key insight comes from Titan of Crypto. The crypto expert revealed that a similar pattern is being replicated. Similar to past rallies, the price has been breaking out above resistance, followed by retesting at higher levels. This suggests that Bitcoin could reach $135,000 if this pattern repeats. 
This prediction further aligns with historical data, which shows that Bitcoin typically follows global liquidity trends, especially during periods of high growth. The recent surge in global M2 money supply is another indicator that we may witness a surge in Bitcoin prices. Global liquidity is on the rise, and this could lead to a rise in the price of cryptocurrencies like Bitcoin. 
Bitcoin’s Open Interest Surge Signals Shifting Investor Sentiment. Meanwhile, data from Matrixport reveals a significant increase in Bitcoin futures open interest since April, exceeding $38 billion. This signifies a heightened level of investor activity and attention towards Bitcoin. The shift is primarily attributed to declining interest in meme-coins and the growing adoption of Bitcoin as a hedge against market volatility. A potential price correction could occur if investors adopt a more cautious approach. However, with strong support from bullish indicators, Bitcoin’s trajectory remains optimistic for reaching its $130,000 target by July. 