Bitcoin’s price action is showing a delayed correlation with global M2 money supply trends, indicating potential upside as liquidity levels surge. Recent statistics reveal Bitcoin trades at $104,334 after recording a 0.6% gain over the past day. Notably, global M2 money supply – a measure of overall liquidity – has seen a significant increase, prompting analysts to speculate about a potential bullish momentum for Bitcoin in the coming weeks. The chart overlaying Bitcoin price with the global M2 money supply reveals a notable correlation between the two: historical price movements of Bitcoin appear to follow M2 changes with a noticeable delay. This pattern held true during previous corrections as well. When M2 started declining, Bitcoin followed suit during the last correction. Now, the M2 line has shown another sharp rise, triggering renewed debate about Bitcoin’s price action and its relationship to global M2 trends. Analysis suggests increased money supply often leads to inflated asset prices, as liquidity seeks returns in traditional and alternative investments. The current Bitcoin price sits around $104,698, with a range of $104,771 to $103,995. Resistance is likely at $104,896, while support might be near $103,398. These levels indicate a consolidation phase for Bitcoin before a potential breakout in either direction. Although the current percentage change of +0.05% may appear insignificant, historical patterns suggest that larger price movements could develop if this correlation with M2 holds. This suggests that liquidity surges often preceded substantial rallies in risk-on assets such as cryptocurrencies. While short-term volatility is inevitable, long-term trends signal a favorable environment for Bitcoin. Global liquidity expansion and the resulting bullish signals may be paving the way for future price movements.