🚨Is the Bitcoin bull market about to explode?! Analysis company reveals 3 major price scenarios 🔥📈💣
Cryptocurrency analysis firm CryptoQuant has released a significant report stating that the Bitcoin bull market is rapidly heating up, with on-chain data already showing signs of an 'initial rebound,' which may indicate that a new round of super market conditions is about to ignite! 💥
📊 The report outlines three potential trends:
🔺 Most Bullish Scenario:
On-chain indicators such as NUPL and MVRV continue to soar. If they break above 1.0, BTC is expected to surge to $150,000~$175,000, repeating the crazy bull markets of 2017 and 2021!
➖ Neutral Scenario:
If key ratios remain between 0.8~1.0, the market will maintain a range of $90,000~$110,000, with investors on the sidelines and increased market volatility.
🔻 Most Bearish Scenario:
If the indicators drop to 0.75, short-term investors may begin to take profits, and prices could pull back to $70,000~$85,000. However, CryptoQuant indicates that this scenario is less likely.
📌 As on-chain data continues to be strong, Bitcoin is heading towards a critical decision point! Are you ready to welcome the next super market conditions? 🚀