Bitcoin (BTC) must take one of the following paths to reach a price of $150,000
Bitcoin bulls have woken up and created a bullish storm that doesn’t seem to be ending anytime soon. The asset’s current price performance has prompted experts to collectively outline a bullish outlook for the asset. One such market analyst and Santiment contributor is making a bold price prediction. Convinced that Bitcoin can breach the $150,000 price mark, analysts have detailed two paths for Bitcoin to reach this milestone. Relying on on-chain data to bolster this position, analysts revealed some noteworthy findings. He observed that the net unrealized profit or loss was very close to the 0.54 level. When a similar pattern was discovered in 2019, it marked the top. For those unfamiliar with the cryptocurrency space, Net Unrealized Profit and Loss (NUPL) is the difference between market capitalization and realized market capitalization divided by market capitalization. NUPL represents the total profit/loss for all currencies, expressed as a ratio. Although it has not yet peaked, many traders are still making profits, and the current value is 0.49.
