Bitcoin is overdue a correction. How low could prices go post-Trump Inauguration?

Bitcoin’s rally is hitting a wall, and the numbers are lining up for a big correction in the next month. October saw the global money supply hit a peak of $108.5 trillion, pushing Bitcoin to its record $108,000 high.

But here’s the twist: over the last two months, the money supply has dropped by $4.1 trillion, now sitting at $104.4 trillion—its lowest since August. Historically, Bitcoin lags behind money supply by about ten weeks.

If that pattern holds, prices could sink by as much as $20,000 in the weeks after president Donald Trump’s inauguration. Analysts are pointing to Bitcoin’s current phase as a mid-top correction—a pattern seen before in 2012, 2016, and 2020.