Bitcoin Price Predictions: Analyzing Potential Scenarios for the Next Six Months

On May 1st, a comprehensive analysis by CryptoQuant’s analyst AxelAdlerJr presented a detailed examination of potential scenarios for **Bitcoin** over the next six months. Currently, on-chain metrics indicate a noteworthy trend described as “ignition,” suggesting heightened market activity. In a **bullish** outlook, should key indicators exceed 1.0 and sustain that level, we could witness **Bitcoin** prices soaring to the range of **$150,000 to $175,000**. Conversely, in a **baseline** projection, the indicator’s fluctuations between 0.8 and 1.0 imply a more moderate price stabilization between **$90,000 and $110,000**. However, an alternative **bearish** scenario projects that if indicators dip below 0.75, we may see increased selling pressure from short-term holders, leading **Bitcoin** prices to potentially retreat to around **$70,000 to $85,000**. Historical trends suggest that the first two scenarios hold greater probability based on recent market behavior.