TechFlow news, March 25 — According to Cointelegraph, Bitcoin has shown strong recent performance, posting its best weekly gain in over two months with a 4.24% rise, reaching a high of $88,804 during the session. Additionally, Bitcoin has successfully reclaimed the 200-day Exponential Moving Average (EMA) on the daily chart, signaling a sustained bullish trend.
Bitcoin researcher Axel Adler Jr. said that from on-chain metrics, the current price cycle reflects healthy consolidation rather than the beginning of a bear market. He noted that according to the Bitcoin Investor Price Model, the market has not yet entered the "overheated" zone. This model incorporates data such as realized market cap, heat rate, investor price, and Bitcoin supply.
Adler Jr. also analyzed the market using the Cumulative Value Days Destroyed (CVDD) indicator, indicating that it remains in a "growth phase." He forecasts that under current market dynamics, Bitcoin could climb to $130,000 within the next 90 days. However, after breaking key resistance levels (such as $123,000), it may face price pullback pressure as some long-term investors take profits.
