Bitcoin is warming up: Three scenarios that could shape the next rally
“As of today, the on-chain momentum is in the "start" rally zone (Ratio ≈ 0.8 / 80%). Let's examine three scenarios for the next six months:
1. Optimistic (Bull)
If the Ratio breaks through 1.0 and holds above it - the NUPL/MVRV metrics will show a new impulse and the price could reach $150-175K, repeating the cycle logic of 2017 and 2021.
2. Base Case (Consolidation)
If the Ratio remains in the 0.8-1.0 range, the market will stay in a wide corridor of $90-110K: participants maintain positions but don't increase exposure.
3. Pessimistic (Correction)
If the Ratio drops to 0.75+, short-term holders will begin to take profits, and the price could correct to $70-85K. Considering that a correction has already occurred, the first two scenarios are more likely.” – Read More
Bitcoin is warming up: Three scenarios that could shape the next rally
“As of today, the on-chain momentum is in the "start" rally zone (Ratio ≈ 0.8 / 80%). Let's examine three scenarios for the next six months:
1. Optimistic (Bull)
If the Ratio breaks through 1.0 and holds above it - the NUPL/MVRV metrics will show a new impulse and the price could reach $150-175K, repeating the cycle logic of 2017 and 2021.
2. Base Case (Consolidation)
If the Ratio remains in the 0.8-1.0 range, the market will stay in a wide corridor of $90-110K: participants maintain positions but don't increase exposure.
3. Pessimistic (Correction)
If the Ratio drops to 0.75+, short-term holders will begin to take profits, and the price could correct to $70-85K. Considering that a correction has already occurred, the first two scenarios are more likely.” – Read More
Secret Chats are one of the service’s additional security features; it allows messages to be sent with client-to-client encryption. This setup means that, unlike regular messages, these secret messages can only be accessed from the device’s that initiated and accepted the chat. Additionally, Telegram notes that secret chats leave no trace on the company’s services and offer a self-destruct timer.
Should I buy bitcoin?
“To the extent it is used I fear it’s often for illicit finance. It’s an extremely inefficient way of conducting transactions, and the amount of energy that’s consumed in processing those transactions is staggering,” the former Fed chairwoman said. Yellen’s comments have been cited as a reason for bitcoin’s recent losses. However, Yellen’s assessment of bitcoin as a inefficient medium of exchange is an important point and one that has already been raised in the past by bitcoin bulls. Using a volatile asset in exchange for goods and services makes little sense if the asset can tumble 10% in a day, or surge 80% over the course of a two months as bitcoin has done in 2021, critics argue. To put a finer point on it, over the past 12 months bitcoin has registered 8 corrections, defined as a decline from a recent peak of at least 10% but not more than 20%, and two bear markets, which are defined as falls of 20% or more, according to Dow Jones Market Data.
