Bitcoin’s On-Chain Momentum Points Towards An Early Rally Phase – Analysts Predict Potential Price Shifts

Recent analysis of Bitcoin’s on-chain momentum suggests the crypto is entering an early rally phase, mirroring past market cycles. The key metric, currently at 0.8, indicates a potential price increase to $150K-$175K if it surpasses the 1.0 threshold, as historical data suggests similar upward trends in prior bull markets. However, a drop below 0.75 may lead to a correction, potentially pushing the cryptocurrency’s price down to the $70K-$85K range.