🔵Glassnode’s lead analyst, James Check, predicts that the peak of Bitcoin’s current bull run could range between $120,000 and $150,000. While some experts, such as Willy Woo, anticipate seven-figure prices, Check argues that Bitcoin is unlikely to sustain values above $150,000.
🔵According to Bitbo, the average purchase price of BTC for short-term investors is $104,001, while for long-term holders, it is $24,627. If Bitcoin reaches $150,000, short-term investors would see a 44% profit, whereas long-term holders could realize a staggering 509% gain.
🔵A wave of profit-taking at this level could trigger a dump, potentially ending the bull run that began in 2022 when BTC was valued at $16,000.