Bitcoin Nears $112K as Rally Pauses Amid Strong M2 Growth
TL;DR Summary
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.
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