🕵️♂️ Glassnode analyst James Check says Bitcoin could reach $150,000 this cycle, mimicking its 2017 rally. However, he warns that levels above $150K might be short-lived, calling them "speculative fever."
📊 Currently trading at $105K, Bitcoin is showing signs of repeating its past patterns. Check expects a period of consolidation until May, followed by stronger rallies later in the year.
⭐️ Quick Stats:
▪️Long-term holders would see 509% profit at $150K. ▪️Short-term holders could average 66% gains.
Other analysts expect the real macro top to hit in Q4 2025, with some predicting Bitcoin's next all-time high by July–October 2025. 👀
Is the bull run warming up, or will history write another twist? HODLers, stay tuned! 📈
📌100-day moving average of MVRV: Bitcoin has not yet reached the top price of this cycle
“MVRV metric reached the value of 3 at the market tops in the past two cycles, whereas it currently stands at 2.14… it can be said that Bitcoin is preparing to move towards the top price of this cycle”
The current state of Funding Rates aligns with the broader market's sentiment, where participants exhibit hesitation, particularly after the rejection at $108K.