Bitcoin is currently consolidating its trading range, as analysts speculate whether it can ultimately rise above the $110,000 mark again. Recently, BTC has managed to stay above the $105,000 support zones, despite challenges faced over the past two weeks.

Traders and investors should keep a close eye on Bitcoin’s price movements. Understanding the implications of the global M2 money supply is crucial to predict Bitcoin’s trajectory. This analysis will help determine the broader future direction of Bitcoin and the impact of economic trends on cryptocurrency prices.