Bitcoin Price Target ‘Sits Around $170K’ as Global M2 Supply Reaches Record High

The key takeaways:

• Bitcoin’s target could be $170K if the M2 global money supply reaches $55,48 trillion, a record.

• BTC prices historically trail M2 breakouts. Past patterns suggest imminent upward movement.

• BTC’s bulls will be boosted by the weakening US currency, which is expected to drop 10.8% during H1 2020.

BitcoinBTCThe global money supply, as measured by the broad money (M2) index, has reached a record of $55.48 trillion.

Bitcoin follows typically the breakout of M2

M2 aggregates US-dollar adjusted liquidity from the US and Eurozone as well as Japan, the UK and Canada.

If M2 is rising, this indicates that more money is circulating In the economy including bank deposits, check-ins, and other liquid assets. This excess liquidity increases capital flows into “riskier assets” Cryptography is a good example.

Bitcoin has historically followed global and US M2 supply with a 3–6 month lag, especially during liquidity shifts. In some cases, like the April 2025 breakout above $100,000, the lag was just 1–2 weeks.

BTC’s rally during periods of low M2 growth has often been unsustainable.

The current cycle could be backed by actual liquidity and not speculative speculation.

“As global money supply expands, Bitcoin’s next target sits around ~$170K, following the flow,” Says an analyst Crypto Auris.

Analysts have made numerous predictions. BTC price to reach the $150,000-200,000 range In 2025, rising temperatures are expected to cause a rise of 80% in global emissions. institutional demand via ETFs The following are some examples of how to get started: corporations.

Bitcoins rally as USD weakens

Bitcoin’s growing popularity is in contrast to a declining US dollar.

The US Dollar Index DXY has declined 10.8% since 2025’s first half, which is the worst performance of any H1 period since 1973 when the Bretton Woods System collapsed.

Bitcoin on the contrary, has gained 13.25% over the same period. It is a clear indication of a negative correlation to the dollar.

Historically, major divergences between Bitcoin and the dollar Have signaled a key trend reversal.

A rising DXY in March 2022 and April 2018, and a falling BTC before the beginning of a bear market, were both seen. Divergence of November 2020 was the beginning of major rally.

BTC and DXY were almost moving in lockstep up until the beginning of 2024. In April 2025 DXY dropped below 100, the lowest level in over two years.

Related: Standard Chartered expects Bitcoin to hit new highs of $135K in Q3

This could be the start of a Bitcoin trend if past patterns are repeated. This move could be accelerated by a prolonged weakness in the dollar.

This article contains no investment recommendations or advice. Risk is inherent in every investment decision and trade. The reader should always do research prior to making a final decision.