CryptoQuant Analyzes Scenarios for Bitcoin’s Price Movement
- A potential rally to $170,000 for Bitcoin is considered low probability by CryptoQuant.
- If ETF inflows stabilize and easing expectations materialize, BTC could reach between $120,000 and $170,000.
- Current market conditions show Bitcoin in a high-volatility range without a clear bullish trend.
- The most likely scenario sees Bitcoin trading within a range of $80,000 to $140,000, with a core zone of $90,000 to $120,000.
- In case of macroeconomic shocks, BTC could fall below $80,000 towards the $50,000 range.
Market participants should monitor exchange reserves and ETF flows to gauge future price movements effectively. The analysis indicates that macro uncertainty and U.S. midterm election dynamics are influencing Bitcoin’s performance.
Currently positioned conditionally neutral to slightly bearish, Bitcoin’s price trajectory remains uncertain as it navigates between key ranges of $80,000 and $140,000. (Source)
