BlockBeats News, May 1st, CryptoQuant analyst AxelAdlerJr analyzed three possible scenarios for Bitcoin in the next six months. Currently, Bitcoin on-chain momentum is showing signs of "ignition."
In the optimistic scenario, if the relevant indicator breaks above 1.0 and holds, the Bitcoin price may rise to $150,000 to $175,000.
In the baseline scenario, with the indicator fluctuating between 0.8-1.0, the price will hover between $90,000 to $110,000.
In the pessimistic scenario, if the indicator drops to above 0.75, short-term holders may sell, and the Bitcoin price may fall to $70,000 to $85,000.
It is stated that considering the previous correction, the first two scenarios are more likely to materialize.
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