The analysis company claims that "Bitcoin Bull is heating up," sharing three price scenarios.

The cryptocurrency analysis company CryptoQuant has just released a new analysis on the potential price volatility of Bitcoin in the next six months. The report, prepared based on on-chain data, states that the current momentum is in the "initial bullish phase". According to CryptoQuant, this situation could be a precursor to a new bullish trend for Bitcoin. Analysis highlights three different scenarios for Bitcoin: Optimistic scenario (Bull market) According to the analysis company, if the on-chain ratio breaks and maintains above 1.0, on-chain metrics such as NUPL and MVRV will signal new bullish momentum, in which case, Bitcoin could reach a level between 150,000 and 175,000 dollars, a move similar to the cycles of 2017 and 2021. Basic scenario (Consolidation period) If the ratio remains in the range of 0.8 to 1.0, the market is expected to enter a broad consolidation in the range of $90,000 to $110,000. In this scenario, investors will maintain their current positions but be cautious with new purchases. Related news: Tether (USDT) has announced the long-awaited important first quarter confirmation report - This is its asset. Pessimistic scenario (Corrective action) The rate dropping to 0.75 could lead short-term investors to take profits, which may cause the price to fall within the range of $70,000 to $85,000. However, CryptoQuant believes that this scenario is less likely to occur, noting that a correction has recently taken place.