🪙Bitcoin Price Prediction: Continuous Growth Until April 2025
✅ Bitcoin (BTC), the largest cryptocurrency in the world, has set a new historical milestone as its price first surpassed the 100,000 USD mark on December 5.
✅ Since then, the price of BTC has experienced a pullback and is currently trading below this level. Despite the short-term correction, many analysts and experts in the cryptocurrency field predict that the price of bitcoin in this bull run will not stop and will continue at least until April 2025.
🚀 On-Chain Data Analysis
✅ To assess Bitcoin's growth potential in the near future, we need to consider some important on-chain indicators. One of the notable metrics is Net Unrealized Profit/Loss (NUPL), which plays a significant role in reflecting the health of the cryptocurrency market.
✅ NUPL measures the difference between unrealized profits and unrealized losses of Bitcoin investors. When NUPL is in the positive zone, it indicates that market sentiment is optimistic and the upward momentum may continue. Conversely, if this metric shifts to the negative zone, it may pose risks regarding Bitcoin's potential price decline.
✅ Monitoring NUPL along with other indicators, such as trading volume and wallet activity levels, will provide us with a broader perspective on Bitcoin's price direction. If NUPL continues to reflect stability and growth in unrealized profits, the possibility of Bitcoin's price reaching higher levels in the future is feasible.
