Bitcoin is predicted to see a sharp rise in price in the current market cycle.

Bitcoin price could reach between $80,000 and $100,000 in a favorable scenario.

The forecast is based on open interest in Bitcoin perpetual futures on the Binance exchange.

Currently, open interest has reached 78,000 BTC, which is significantly higher than the base level of 64,000 BTC.

This high level of open interest is in danger zone, as the difference of 14,000 BTC indicates increased market activity and possible sharp volatility in the Bitcoin price.

The expert believes that a fall in the price of Bitcoin below $60,000 is unlikely, so we should expect that the rate could quickly rise to new historical highs in the near future.

But how accurate is this prediction of a sharp rise in Bitcoin's value? Like any forecast, it only indicates probability, and for now Bitcoin cannot stabilize above $69,000.