CryptoQuant analyst stated that there are two scenarios ahead of Bitcoin (BTC) and both of them rise to 150 thousand dollars.
CryptoQuant analyst named “Onchain Edge” attracted attention with his post dated February 15. While the analyst draws two different scenarios for Bitcoin as a result of his long research, the result is inevitably Reached 150 thousand dollars noted.
The analyst stated that in his first scenario for Bitcoin, there should be a decline first. Similarity to 2019 drew attention. All Bitcoins on the market in 2019 A local peak occurred when 84% turned into a profit. and the price started to decline. Profitability rate of Bitcoin investors according to current data to 91% reached.
But in 2019, the profitability rate was lower than the supply in circulation. After reaching 0.54 Then there was a decrease, and due to the increasing supply in circulation over the past period, this rate is today at 0.49 positioning. In the first scenario, the analyst predicts that the price of the drop will occur as Bitcoin holders reach the ceiling. It can reduce up to 23 thousand dollars He emphasized that the huge rise that will follow will take the price to 150 thousand dollars.
on the other hand OI data representing the money entering the market, referred to as 2021 He stated that the progress was quite calm compared to the previous year and that Bitcoin had not yet experienced an explosion. In line with this data, Bitcoin will not make any serious correction. for 150 thousand dollars will reach and the number of investors in profit will be can reach up to 94% he emphasized.