In 2025, the famous digital currency Bitcoin (BTC) will undergo a critical phase, as on-chain data analyses indicate the possibility of the cryptocurrency experiencing either a strong upward wave or a long period of volatility and consolidation. The future direction depends on a set of technical indicators and the historical momentum of prices.

A analyst from Crypto Quant presents potential scenarios for Bitcoin's 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 the Net Unrealized Profit/Loss (NUPL) and the Market Value to Realized Value (MVRV) ratio.