Dip before the next run?

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Dip before the next run? Bitcoin all time history indexINDEX:BTCUSDGoatku1Bitcoin has recently seen a significant dip from it's all-time highs, about 7% at the time of writing. The global M2 money supply is considered a strong indicator for predicting Bitcoin's price movements. Currently, it suggests that bitcoin may continue to decline before experiencing a reversal. According to this indicator, a bullish run could begin around August 10. But of course like all indicators nothing is certain. BTCUSD