CryptoQuant analyst Axel Adler Jr predicts Bitcoin's potential surge above $110,000, based on network conditions and long-term holder behavior.
Potential for Bitcoin Growth
CryptoQuant analyst Axel Adler Jr suggests that Bitcoin may surge above $110,000, driven by a combination of subdued network activity and strong accumulation trends among long-term holders.
Current Market Activity
Currently, Bitcoin's network activity has reached an 18-month low, with minimal retail trader participation contrasted by long-term holder confidence. Significant short position liquidations also indicate market volatility.
Historical Parallels and Predictions
Historical trends show that Bitcoin's low volatility stages typically precede major upward moves. The current dynamics suggest we may be approaching significant market shifts. Regulatory impacts have been mentioned but no direct statements have emerged.
Given the current market trends, the scenario of Bitcoin rising to $110,000 appears probable, considering historical patterns and accumulation observed among long-term holders.
