Bitcoin's long-term holder (LTH) to short-term holder (STH) ratio is increasing, suggesting a potential unilateral upward trend, according to CryptoQuant analyst Axel. Historically, significant Bitcoin price surges have followed periods where LTH holdings increased relative to STH. Previous instances saw Bitcoin prices rise from $28,000 to over $60,000, and later from $60,000 to $100,000. Currently, at the $100,000 mark, the LTH/STH ratio is rising again, indicating a possible price surge within 4-8 weeks. A conservative estimate suggests a target of $160,000 if the trend continues.
Bitcoin Long-Term Holder Ratio Rises, Signaling Potential Uptrend
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