Bitcoin to Reach $162,000 by June 11: CryptoQuant Analyst Forecasts Continued Growth

Bitcoin recently hit record highs last week, and analysts anticipate continued upward momentum. While a brief dip occurred following President Trump’s proposed tariffs on the EU, BTC has since rebounded and surpassed $110,000. CryptoQuant analyst Axel Adler Jr., based on his technical analysis, predicts Bitcoin could reach an all-time high of $162,000 by June 11th. This prediction is derived from the Net Unrealized Profit/Loss (NUPL) ratio of short-term holders, a key indicator in predicting market sentiment.