CryptoQuant analyst Axel Adler Jr. analyzed three possible trends for Bitcoin in the next six months. Currently, Bitcoin's on-chain momentum shows "signs of starting."

In an optimistic scenario, if the relevant indicators break through 1.0 and hold, the price of Bitcoin could rise to between $150,000 and $175,000.

In a basic scenario, the indicators fluctuate between 0.8 and 1.0, and the price will hover between $90,000 and $110,000.

In a pessimistic scenario, if the indicators fall below 0.75, short-term holders may sell, and the price of Bitcoin could drop to between $70,000 and $85,000.

It is indicated that considering the previous adjustments, the first two scenarios are more likely to be realized.