đ Bitcoin's Rollercoaster: Ready for Another Ride?
- Bitcoin's volatility indicator is at its lowest point this year, similar to pre-rally 2023 levels.
- CryptoQuant's Axel Adler hints at a potential upward trend, reminiscent of Bitcoin's 46% surge in April 2023.
- Short-term Bitcoin inflows and outflows are low, suggesting investors are holding tight for a price boost.
- Despite a 3.22% dip in the past 24 hours, open interest in Bitcoin futures remains high, promising more market excitement.
- Analysts are skeptical about Bitcoin hitting $100k by year-end, but reaching its all-time high isn't off the table.
Buckle up, crypto enthusiasts! đ