What Will Happen to the Bitcoin Price in the Future? Analysis Company Presented Two Bull and One Bear Scenarios

Cryptocurrency analysis firm Alphractal has released an in-depth evaluation of the Bitcoin market following its recent price drop.

The report titled 'Where is Bitcoin Going After Capital Outflows?' by the company summarizes potential scenarios for the cryptocurrency that is seeking new equilibrium points amidst changing capital flows.

According to Alphractal, the outflow of capital from Bitcoin indicates that market makers may be developing strategies to re-enter at new price levels. The analysis focuses on three key scenarios:

Bull Scenarios

STH Realized Price (86,200 Dollars):

Alphractal, Short-Term Holder (STH) Realized Price has been set as the initial target. This metric has historically acted as a support level during bull markets and its recovery will indicate that the upward momentum will continue.

Hope/Denial Band ($80,700):

Derived from the Short and Long Term Holder Sentiment Price Band metric, this range reflects the psychological sensitivity of both short and long-term investors. Maintaining this level can reconfirm confidence and support the upward trend.

Bear Scenario

Potential Drop to 60K-66 Thousand Dollars:

Alphractal warns that in a bearish outlook, similar events to the market decline in May 2021 could be repeated for Bitcoin, leading to a drop to levels between $66,000 and $60,000. These levels are supported by metrics such as Active Realized Price and Real Market Average Price, which provide a blockchain-based calculation of Bitcoin's average "ideal" value, excluding the influence of newly minted coins.