Browsing: Onchain Metrics

Bitcoin’s record weekly close at $123,500 marks a new phase of price discovery, with on-chain and derivative metrics highlighting sustained bullish control. Key scenarios include momentum breakouts or mean reversion pullbacks, supported by institutional ETF flows and technical patterns targeting $140,000-$145,000, amid mixed sentiment and macroeconomic influences.

Bitcoin’s recent surge to near $123,000 has analysts predicting further gains, supported by strong onchain metrics and market fundamentals. This article explores the factors driving Bitcoin’s bullish outlook and what it means for the broader crypto market.