Bitcoin's Price May Surge 40% to $150,000 by August, Says Analyst

Bitcoin’s current trading range is part of a consolidation phase before potentially moving above $110,000. Despite holding above the $105,000 support level in recent days, the cryptocurrency's rally has faced challenges over the past two weeks.

Technical analysis of Bitcoin’s price movements, when compared with the Global M2 Money Supply metric, suggests that it is likely to reach a new all-time high in the near future.

According to a detailed analysis by crypto analyst Colin, also known as “The M2 Guy,” Bitcoin’s price action closely follows the global M2 money supply with a high degree of correlation when the data is offset by 68 to 76 days. Two separate charts presented by Colin illustrate this trend, showing how Bitcoin’s price movements align with the trajectory of the Global M2 Money Supply when adjusted for time. The short-term 68-day offset chart closely matches Bitcoin’s behavior since April 2025, while the 76-day offset chart provides a longer-term view of the relationship.

In both cases, the analyst noted that the M2 curve is pointing upward, indicating a similarly bullish trajectory for Bitcoin’s price. Colin describes this as a form of confluence, where two correlated indicators show the same directional outcome, increasing the probability of that outcome. The average correlation across both charts is around 76.6 to 76.9%, which is statistically significant.

The 68-day offset chart shows Bitcoin trailing the M2 curve with high precision since April, with the highest 89.9% degree of accuracy on the 90-day timeframe. Similarly, the 76-day offset, while less accurate in the short term, displays a strong correlation over longer intervals of 92.2% over one and a half years and 86.2% across two years. These correlation values indicate that Bitcoin is increasingly sensitive to global liquidity trends, especially now that its price movement is tied to inflows/outflows surrounding Spot Bitcoin ETFs.

This relationship becomes even more notable considering the M2 money supply itself has been climbing within a rising channel. If the alignment continues, Bitcoin may soon follow suit, lifting it back above the $110,000 level and breaking above its all-time high. Bitcoin’s price action will be very interesting to follow in the next few days. In Colin’s view, this next move up is not only likely but could happen within days.

If Bitcoin follows this alignment, the projection shows that Bitcoin will continue to move within a channel of higher highs and higher lows before eventually crossing above $150,000 in August. At the time of writing, Bitcoin is trading at $106,549, up by 1% in the past 24 hours.