In 2025, the famous digital currency Bitcoin (BTC) will undergo a critical phase, as on-chain data analysis indicates that the cryptocurrency may either experience a strong bullish wave or a long period of volatility and consolidation. The future direction depends on a set of technical indicators and historical price momentum.

A Crypto Quant analyst presents potential scenarios for Bitcoin movement.

Three

In a new report, analyst Axel Adler Jr. from the Crypto Quant platform identified three main potential scenarios for Bitcoin's trajectory, based on key momentum ratios such as Net Unrealized Profit/Loss (NUPL) and Market Value to Realized Value (MVRV).