CryptoQuant predicts three future trend scenarios for Bitcoin: It will rise to $150,000 to $175,000 under optimistic circumstances

PANews May 1, CryptoQuant analyst Axel AdlerJr analyzed three possible trends for Bitcoin in the next six months. Currently, the momentum on the Bitcoin chain shows signs of "start up".

• In an optimistic scenario, if the relevant indicators break through 1.0 and remain, the price of Bitcoin may rise to $150,000 to $175,000.
• In the basic scenario, the indicator fluctuates between 0.8-1.0, and the price will hover between 90,000 and 110,000 US dollars.
• In a pessimistic scenario, if the indicator drops above 0.75, short-term holders may sell, and the price of Bitcoin may fall back to $70,000 to $85,000.

It said that considering the previous adjustments, the first two scenarios are more likely to be achieved.