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Complete deposit and trading tasks to receive random LOT airdrops. Exclusive Alpha trading task await!
Experienced Analyst Reveals Bitcoin Rally Prediction! Shared Price Target for the Next Rally Peak Based on Historical Data!
Crypto analyst Axel Adler evaluated the recent price movements of Bitcoin and the behavior of long term investors (LTH), signaling a possible new rally. According to Adler, it is a striking pattern that long term investors increase their positions (LTH) before every major rise in Bitcoin.
Adler noted that this situation was first observed at the level of 28,000 dollars. He stated that the increase in the LTH ratio, along with the rise of short-term investors compared to (STH), led to Bitcoin rising to 60,000 dollars after an accumulation period of approximately 1-2 months.
The second example occurred during the consolidation process at the level of 60,000 dollars. Similar accumulation dynamics paved the way for the price to reach 100,000 dollars.
Today, Adler stated that there is a sustainable increase in the LTH/STH ratio at the level of 100,000 dollars, noting that this accumulation process could take 4-8 weeks and shows similarities with previous cycles. Adler anticipates that, with a more cautious assumption, if the price reaches 1.6 times, the next rally target could be around 160,000 dollars.
*It is not investment advice.
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