Cryptocurrency analyst Axel Adler evaluated Bitcoin’s recent price movements and long-term investor (LTH) behavior, signaling a possible new rally. According to Adler, it is a striking pattern for long-term investors (LTH) to increase their positions before every major rise in Bitcoin.
Adler stated that this situation was first observed at $ 28,000 levels. He stated that with the increase in the LTH rate compared to short-term investors (STH), Bitcoin rose to $ 60,000 after an accumulation period of approximately 1-2 months.
The second example occurred during the consolidation process at $60,000. Similar accumulation dynamics paved the way for the price to reach $100,000.
Adler, who stated that there is a sustainable increase in the LTH/STH ratio at $ 100,000 today, said that this accumulation process can last 4-8 weeks and is similar to previous cycles. Adler, with a more cautious assumption, predicts that if the price reaches 1.6 times, the next rally target could be around $ 160,000.
*This is not investment advice.
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