Bitcoin at the start of a rally? Analyst named three price movement scenarios
The price of Bitcoin is approaching an important stage, and the market is holding its breath. According to analyst Axel Adler Jr., the first cryptocurrency is on the brink of potential growth. His conclusions are based on the readings of the Bitcoin Composite Index 2.0, which is currently at 20.8 — indicating a strong market heat.
Three possible scenarios:
1. Bullish scenario:
If the BTC index breaks above 1.0 and holds, the market could enter a phase of powerful growth. It will show positive dynamics, and the price of Bitcoin — similar to the cycles of 2017 and 2021 — could rise to $150,000–175,000.
2. Base scenario:
If the indicators remain between 0.8 and 1.0, Bitcoin will trade sideways within a range of $90,000–110,000. Market participants in this case will prefer to wait and hold positions without active purchases.
3. Bearish scenario:
If the index drops to 0.75 and below, investors, especially short-term ones, may start to take profits. This will create pressure on the price, which could decrease to $70,000–85,000. Considering that a recent correction has already taken place, the bullish and neutral scenarios appear more likely.
