Bitcoin 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
BTCUSD 
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.