$USDC The first cryptocurrency "is heating up" and is already at the threshold of the "rally zone". This opinion was expressed by CryptoQuant author Axel Adler - junior. Considering the dynamics and current value of the Bitcoin Composite Index 2.0 metric (≈0.8), the specialist outlined three possible scenarios for the movement of Bitcoin's price.

The optimistic (bullish) scenario assumes a breakout of the 1.0 level of the indicator and its consolidation above this level.

"The NUPL and MVRV metrics will show a new momentum and the price could reach the range of $150,000-175,000, repeating the logic of the cycles of 2017 and 2021," highlighted Adler - junior. The base scenario (consolidation) — if the values of the metric remain in the range of 0.8-1. The digital gold will trade in a wide corridor — $90,000-110,000. Most market participants will maintain their positions, without risking to increase them.