Bitcoin’s Price Could Skyrocket to $162K! You Won’t Believe How! 🚀💰

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Well, folks, hold onto your wallets because Bitcoin is just getting started! Market wizards are predicting a wild ride to $162,000 by mid-June, all thanks to those short-term holders who are about to hit the jackpot! 💸

According to our buddy Axel Adler Jr., Bitcoin’s Net Unrealized Profit/Loss (NUPL) for those who’ve held onto this digital gold for a whopping three months is sitting pretty at 27%. That’s right, folks, 27%! Who knew holding onto a virtual coin could be so profitable? 😏

The Short-Term Holder Catalyst

In a post that made waves on X (not to be confused with the letter X, which is just confusing), Axel pointed out that historically, these short-term holders start selling when their profits hit 40%. Talk about a party pooper! 🎉

His crystal ball shows the indicator rising at a blistering pace of 0.818 percentage points per day. If it keeps this up, we could see that 40% mark around June 11, 2025. Mark your calendars, folks! At that point, BTC could be strutting its stuff at $162,000, unless, of course, the universe decides to throw a wrench in the works. 🛠️

And just when you thought it couldn’t get any better, enter Dr. Profit, the pseudonymous analyst with a name that screams “trust me!” He’s waving a “rare and powerful” Golden Cross signal, claiming it’s like a magic wand that has led to major Bitcoin rallies in the past two years. 🪄

With an 87.8% historical accuracy rate (because who doesn’t love a good statistic?), he’s pointing to similar setups in October 2023 and 2024 that sent prices soaring by 170% and 173%. If only my bank account could grow that fast! 💥

Dr. Profit is keeping his short-term range between $117,000 and $120,000, highlighting some juicy price catalysts like strong ETF inflows that are gobbling up new supply at nine times the mining rate. It’s like a buffet for Bitcoin! 🍽️

On-Chain Data Reinforcing Bullish Thesis

But wait, there’s more! Bitcoin’s recent on-chain behavior is also giving a thumbs up to the bullish narrative. According to Santiment data, as of May 23, BTC’s Mean Dollar Age has dropped from 441 to 429 days since mid-April. That means dormant Bitcoin is waking up! It’s like a bear coming out of hibernation, and we all know how that ends! 🐻

Glassnode chimed in, revealing that while BTC hit an all-time high of $111,814 on May 22, realized profit-taking is still taking a nap. Just $1 billion in profits were realized, which is less than half of what we saw when BTC first crossed $100,000. Talk about a snooze fest! 😴

In the last 24 hours, our favorite crypto asset has gained 2.3%, thanks to U.S. President Donald Trump’s decision to extend the deadline for a 50% tariff on the EU. It’s like a surprise party for Bitcoin, pushing its weekly rise to 6.7%! 🎈

And let’s not forget, Bitcoin’s current price of $110,085 reflects a 16.3% climb over 30 days. Even though it slipped 1.6% from its ATH, the king of cryptocurrencies is still holding strong with a market cap of $2.18 trillion. That’s right, folks, it’s the fifth-largest asset globally! Bow down to the Bitcoin throne! 👑

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2025-05-26 17:42