Experienced Analyst Shares New Weekly Forecasts for Bitcoin (BTC) Price

Axel Adler Jr., an analyst at cryptocurrency analysis platform CryptoQuant, noted that despite Bitcoin’s recent brief pullback to $103,000-$104,000, fundamental indicators remain strong. According to Adler, Bitcoin reserves on exchanges continue to decline, institutional buying continues to put pressure on supply, and long-term investors are increasing their purchases, building a “buffer support” under the market. On the macroeconomic front, mixed signals prevail. While the slowdown in Personal Consumption Expenditures (PCE) inflation in the US has eased policy pressure on the Fed to some extent, rising bond yields and uncertain tariffs have strengthened the “risk aversion” sentiment in the markets and suppressed growth appetite. Related News: Significant Cryptocurrency Bill Unveiled in South Korea – Expected to Pass Easily Adler stated that the basic scenario for the coming week is for Bitcoin to trend sideways between $103,000 and $110,000. However, if there is a 20% breakout due to momentum and an increase in trading volume and the $110,000 level is exceeded, he added that a strong signal could be formed that the market is ready to test the $115,000-$120,000 band. On the other hand, if net inflows turn negative and prices fall below $100,000, it could be a sign of a deeper correction. *This is not investment advice. Continue Reading: Experienced Analyst Shares New Weekly Forecasts for Bitcoin (BTC) Price

Source: BitcoinSistemi