Analyst: Bitcoin is expected to fall to the $75,000 range as global money supply
Bitcoin analyst Joe Consorti has pointed out that the price of Bitcoin typically lags behind changes in global currency supply by about two months (around 70 days). Currently, global currency supply has decreased by about $4 trillion in recent weeks after hitting a historical high of $108 trillion. This suggests that the contraction of currency supply may exert downward pressure on the price of Bitcoin or that the price of Bitcoin may fall to $75,000.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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