However, global M2 has since declined by $4.1 trillion, falling to $104.4 trillion, its lowest level since August 2024. Bitcoin could be poised for a significant price correction if this pattern persists, with data suggesting a potential decline of up to $20,000 in Bitcoin’s value in the coming weeks.

Bitcoin’s current price action is approaching critical support levels defined by the realized price of short-term holders (STH), signaling key zones where strong buying interest could emerge. These levels, calculated as the average purchase price of short-term investors, often serve as reliable indicators of market sentiment and support during downturns.

The first key level is the 1-week to 1-month STH realized price at $98,705, which sits slightly above the current trading price. While this level may act as a near-term resistance if Bitcoin recovers, it is unlikely to be a strong support in the event of a downturn.