$400K Bitcoin? Analyst Says It’s Not A Dream—It’s ‘Coded’

Bitcoin has been trading in a tight band lately. Over the last 24 hours it dipped a bit, but it still sits between $108,000 and $110,000. According to market data, that range has held firm even as volatility showed up back in January and April.

Lagging Money Supply Signal

According to analyst Kyle Chassé, Bitcoin’s price tends to follow global M2 money supply with a 90-day lag. He matched daily closes on the Bitstamp exchange against world M2 data shifted three months back. That overlay shows that when global liquidity climbs, Bitcoin often rises after roughly 90 days.

Short-Term Price Moves

Bitcoin first spiked above $109,000 this past January. Then it fell below $75,000 in early April. Since that dip, it’s climbed back toward the $110,000 mark. Based on the lagged money-supply trend, it feels like a pause in a bigger up-and-down cycle rather than the end of a rally.

Global M2 stood at about $98 trillion in early 2023. It rose to just over $108 trillion by early 2024. Then growth slowed, and Bitcoin spent some time below $80,000. Lately, M2 is past $111 trillion. Based on those numbers, reports say Bitcoin’s upside could stretch into mid-2025 as liquidity stays strong.

Bitcoin is coded to $400K. pic.twitter.com/6BbogYw1UX

— Kyle Chassé / DD