Bitcoin Targets $132K Milestone After Defending $118K Support, Best Crypto To Buy Now As M2 Money Supply Hits ATH

Notwithstanding the recent choppy market, Bitcoin has held steady above the $118,000 mark and is currently trading at $118,204.60. Could this be the best crypto to buy now as the market gears for another bull run?

Speculators tend to think so. BTC has brushed off the selling pressure and the minor pullbacks that we witnessed last week, and the next target could be somewhere between the $ 127,000 and $132,000 mark. However, caution should be exercised, as the crypto market has been known to make sudden 180-degree turns.

(BTCUSD)

Investors have been watching the BTC carefully and speculating whether the BTC will have a breakout moment again or buckle under volatility.

According to my analysis, during the 2020 Fed rate cuts, Bitcoin's price increased by approximately 50% in the following 6 months, while Ethereum's price increased by around 30%.

— Juan José Francisco(

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