Despite Crypto News Flash (CNF) hinting in a recent update that a 150-Year Market Cycle Signals No BTC Bull Run Until 2026, market data has shown that Bitcoin has recently demonstrated resilience, posting a 4.24% weekly gain and reaching an intraday high of $88,804.
Analyst Predicts $130K Bitcoin Within 90 Days
This upward movement has reignited discussions about the cryptocurrency’s future trajectory. Axel Adler Jr., a noted Bitcoin researcher, views the current market consolidation as a “healthy pause” rather than a downturn.
A recent insightful tweet on X shared that the BTC Market Alert indicates a leverage-driven pump.
$BTC Market Alert: Leverage-driven pump
Open Interest (OI) hit record levels above $32B as BTC price surges near $87.5K!
But here’s the catch: High OI + Rapid Price Increase = Risk of Liquidation Cascades!
If the rally continues, the FOMO could fuel a parabolic…pic.twitter.com/2JpaUvloQP
— IT Tech (@IT_Tech_PL) March 24, 2025
Utilizing on-chain metrics like the Investor Price Model and Cumulative Value Days Destroyed (CVDD), Adler suggests that Bitcoin remains in a growth phase. He forecasts that Bitcoin could ascend to $130,000 within the next 90 days, cautioning that such peaks might prompt seasoned investors to realize profits, potentially applying downward pressure on the price.
Market Sentiment and External Influences
Despite Adler’s optimism, broader market sentiment presents a mixed picture. Betting markets currently assign a 61% probability of Bitcoin reaching $110,000 in 2025, with diminished confidence for higher targets. As stated,
On-chain metrics confirm that the current correction is a healthy pause within an ongoing bullish cycle. Thus, despite short-term macro challenges and increased volatility, the market remains bullish. With the predominance of call options and market compression, we can expect an increase in bullish volatility next week.
Additionally, economic factors, including concerns over tariff policies and inflation, have introduced volatility, with Bitcoin experiencing a 20% decline from its January peak.
According to Bitcoin Magazine Pro, technical analyses offer varied perspectives. The 2-Year Moving Average (MA) Multiplier, a tool for long-term investment decisions, highlights periods where buying or selling Bitcoin could yield significant returns.
Current Market Snapshot
While the path to $130,000 remains uncertain, Bitcoin’s recent performance and underlying market dynamics suggest a complex interplay of factors that could influence its price in the coming months. A previous CNF post also indicated that analysts have set a $126K BTC target for June.
As of now, according to CoinMarketCap, BTC is trading at $86,965.39, down 0.39% in the past day but up 4.61% in the past week. See BTC price chart below.
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