The famous digital currency Bitcoin (BTC) is undergoing a precise phase during the year 2025, as on-chain data analysis indicates the possibility of the cryptocurrency experiencing either a strong bullish wave or a long period of volatility and consolidation. The future trend depends on a range of technical indicators and historical price momentum.

A Crypto Quant analyst 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 Net Unrealized Profit and Loss (NUPL) and Market Value to Realized Value (MVRV).