Bitcoin Could Surge To $1.7 Million, According To CryptoQuant And Glassnode

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Bitcoin Could Surge To $1.7 Million, According To CryptoQuant And Glassnode - NewsBTC

Quick Summary:

It is a rosy forecast, but one that must be carefully considered in light of market volatility.#Bitcoin‘s current cycle continues to echo historical trends, particularly aligning with the 2015-2018 cycle.#BTC performance since the cycle low at the current stage of the cycle (no.of days since low): ⚫️2022 Cycle+: +630% 🔵2015-2018 Cycle: +562% pic.twitter.com/vBSwC8qm5T — glassnode (@glassnode) January 21, 2025 Glassnode’s Historical Perspective Conversely, Glassnode emphasizes historical trends and notes that the present trajectory of Bitcoin corresponds with the 2015–2018 cycle.

Related Reading: $24 XRP Prediction: Bitcoin Maxi Calls It Risky But Possible Market Analysis By CryptoQuant The CryptoQuant analysis is based on a number of critical elements, including institutional capital flows, a favorable regulatory environment, and past cyclical trends.

As Bitcoin continues to establish new milestones, including a recent all-time high past the 108k mark, market analytics tools like CryptoQuant and Glassnode offer predictions for its future growth.