The analytics platform CryptoQuant has provided an update on the possible value of bitcoin. According to their chart, the top price target is $146,000. This level is based on the realized value model, which has historically indicated cyclical market peaks. The chart published by the experts shows 3 key lines: realized price, mid-range, and upper boundary. Bitcoin’s current market price is already above $72,000, sitting between the middle and upper lines. Analysts note that in past cycles, growth continued until the upper boundary was reached. The last time such a situation was observed was in April-May 2021. Then bitcoin reached $64,000, which coincided with the forecast of the upper price range. After that, a significant correction began, which lasted almost a year. However, today’s situation is different. The cryptocurrency market is showing steady growth on the back of general interest from institutional investors and expectations of new regulatory products such as spot ETFs. This creates favorable conditions for the continuation of the bullish trend.
Despite the positive mood, experts warn of risks. A rise in price above $100,000 could trigger massive profit taking, leading to volatility. Investors are advised to closely monitor the dynamics of trading volume and the mood of market participants.
If bitcoin does reach $146,000, it will be an important event for the entire crypto industry. This level could attract new participants, including large hedge funds, which until then doubted the potential of digital assets. The scenario remains theoretical for now, but the very fact that the price has reached new heights boosts investor confidence. The only question is how quickly the market will be able to reach these levels.
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