Bitcoin

<ul><li>Onchain_edge&#39;s analysis by experts reveals two paths for BTC to reach $150k, potentially fueled by in-depth on-chain data.</li><li>BTC&#39;s NUPL and Puell Multiple indicators suggest room for growth, with a significant bull run possible if conditions are met.</li><li>Scenario B, predicting a drop in supply and loss of 3%, emerges as the likelier path for BTC&#39;s surge to $150k.</li></ul>In an analysis by onchain_edge, shared by CryptoQuant.com, <a href="https://cryptotale.org/is-bitcoins-dominance-shifting-the-altcoin-landscape-analyst-insights/" rel="noopener noreferrer nofollow">Bitcoin&#39;s</a> (BTC) future looks promising, with two potential paths leading to an ambitious $150k mark. This forecast emerges from over 100 hours of meticulous on-chain data examination. The analysis unfolds a tale of current market indicators and historical parallels, painting a complex yet optimistic picture of BTC&#39;s trajectory.Net unrealized profits and losses (NUPL) hover near a critical 0.54 level, reminiscent of the 2019 peak, currently at 0.49. This signals a substantial portion of the market in profit, yet not at the euphoric highs of previous cycles. Additionally, the Puell Multiple, another key metric, stands at 1.83, shy of the 2.05 barrier seen in 2019, suggesting more room for growth.Read full article at <a href="https://cryptotale.org/will-bitcoin-blast-off-to-150k-critical-on-chain-metrics-point-to-two-possible-scenarios/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Will Bitcoin Blast Off to $150K? Critical On-Chain Metrics Point to Two Possible Scenarios

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