Experienced Analyst Shares New Week Predictions for Bitcoin (BTC) Price!!
Axel Adler Jr, one of the analysts from the crypto analysis platform CryptoQuant, stated that despite Bitcoin's recent short-term pullback to the 103,000-104,000 dollar level, the fundamental indicators remain strong.
According to Adler, Bitcoin reserves on exchanges continue to decline, institutional purchases continue to put pressure on supply, and long-term investors are increasing their purchases, building a 'buffer support' beneath the market.
On the macroeconomic front, mixed signals prevail. The slowdown in Personal Consumption Expenditures (PCE) inflation in the U.S. has somewhat eased the policy pressure on the FED; however, rising bond yields and ongoing uncertainties regarding tariffs have strengthened the atmosphere of 'flight to safety' in the markets and suppressed appetite for growth.
Adler expressed that the baseline scenario for the upcoming week is for Bitcoin to trade sideways in the range of 103,000 to 110,000 dollars. However, if there is a 20% breakout due to momentum with an increase in trading volume and the 110,000 dollar level is surpassed, it could signal that the market is ready to test the 115,000–120,000 dollar band. On the other hand, a turn to negative net inflows and prices dipping below 100,000 dollars could be heralding a deeper correction.