Analyst Axel Adler Jr. from CryptoQuant presents a forecast suggesting that Bitcoin awaits two significant rallies before a potential market correction.
Bitcoin Price Prediction: Analyst's Insight
Axel Adler Jr. predicts that Bitcoin will experience two additional rallies before selling pressure surpasses demand. He highlights the weakening investor risk appetite as a key indicator of the impending market shift.
Key Metrics for the Prediction
The analysis is supported by specific metrics. Adler notes a crucial Bitcoin metric that exceeded 1.9 in March and December 2024, which is now forming a lower peak. This indicates that more Bitcoin holders are actively selling their assets, creating downward pressure on prices.
Influence of External Factors on the Prediction
The analyst also pointed to anticipated two interest rate cuts by the U.S. Federal Reserve as a supportive factor for his outlook. Lower rates often make risky assets more attractive to investors by increasing market liquidity.
Axel Adler Jr.'s prediction emphasizes the importance of strategic planning and understanding the current sentiment in the crypto market. With a correction looming, investors should exercise caution and carefully consider their actions.
