Crucial Bitcoin Price Prediction: Analyst Forecasts 70% Chance of All-Time Highs

The cryptocurrency world is buzzing with an exciting **Bitcoin price prediction**. A prominent analyst suggests a significant 70% chance of Bitcoin (BTC) reaching new all-time highs within the next two weeks. This forecast has captured the attention of investors and traders alike. They are keenly watching for potential shifts in the market. Understanding the underlying factors behind this optimistic outlook is crucial for anyone interested in the future of digital assets.

Analyst’s Bold Bitcoin Price Prediction for BTC All-Time Highs

Bitcoin researcher Axel Adler Jr. recently presented a compelling **Bitcoin price prediction**. He believes BTC has a 70% chance of hitting fresh all-time highs within two weeks. This assessment comes from a detailed analysis of current market conditions. Adler Jr. highlights that the market currently shows a balanced state. It is neither excessively overheated nor oversold. This balance often precedes significant price movements.

Specifically, Adler Jr. points to the Short-Term Holder (STH) MVRV Z-Scores. Both the 155-day and 365-day cohorts are hovering near zero. This metric indicates that short-term holders are close to their realized price. Therefore, it suggests a healthy market structure. With BTC trading just above this realized price, a consolidation phase of one to two weeks could occur. This period would likely precede a decisive breakout. Adler Jr. optimistically noted, “Uptober incoming,” referencing historical seasonal tailwinds for Bitcoin. Such seasonal patterns often influence trader sentiment and market behavior.

Bitcoin short-term holder MVRV data. Source: Axel Adler Jr./X

Driving Factors: Spot Bitcoin ETF Inflows and Futures Premiums

Several key indicators support this bullish **Bitcoin analyst forecast**. Derivatives data, for instance, reinforces the constructive outlook. Bitcoin futures are consistently trading at a premium to spot prices. The seven-day basis currently runs above the 30-day basis. This structure is typically associated with bullish market trends. It signals strong demand from institutional players. However, Adler Jr. did caution about minor overheating signals. These appeared just before the recent FOMC event. Cost basis rose on light volume then. This suggested some late-stage positioning by certain market participants. Yet, the overall sentiment remains positive.

Furthermore, institutional demand acts as a strong anchor for Bitcoin’s price. US **Spot Bitcoin ETF** products have seen substantial inflows. They attracted $2.8 billion in net inflows since September 9. This influx has pushed activity decisively into positive territory. These significant inflows provide direct buying pressure on BTC. They also signal growing mainstream acceptance of Bitcoin as an investment asset. This consistent institutional support helps to stabilize the market. It also fuels expectations for future price appreciation. Consequently, these factors combine to strengthen the case for reaching **BTC all-time highs**.

Bitcoin basis: futures to spot% %. Source: Axel Adler Jr./X

Understanding Market Liquidity and Potential Pullbacks

Despite the strong bullish signals, potential short-term hurdles exist. Bitcoin has rallied 8.5% this month. It climbed to $117,800 from $107,000 before the Federal Reserve’s interest rate decision. This steady ascent has left behind pockets of internal liquidity. This suggests a possibility of a brief pullback. A retest of lower price levels might occur before continuation. September’s seasonality historically leans bearish. This adds weight to a potential short-term dip scenario. However, Bitcoin’s broader behavior in 2024 has often defied expectations for retracements. The asset has frequently skipped over internal liquidity levels. Instead, it has moved directly between external liquidity zones. These are typically swing highs and lows on higher time frame charts.

A comparable move happened in July. BTC bypassed liquidity near $105,000 then. It quickly surged to new highs after confirming a daily break of structure (BOS). This historical precedent offers insight into Bitcoin’s current trajectory. Traders are closely monitoring the $114,000-$113,000 range. This area represents significant internal liquidity. A retest here could offer a buying opportunity. However, strong buying pressure might prevent such a dip. This dynamic creates a fascinating tension in the market. Ultimately, the balance between these structural liquidity gaps and bullish momentum will determine Bitcoin’s immediate path.

US spot Bitcoin ETF flows data. Source: SoSoValue

Navigating the Path to BTC All-Time Highs

A critical technical level for Bitcoin stands at $117,500. If Bitcoin secures a daily close above this mark, it would confirm another Break of Structure (BOS). This confirmation would significantly reduce the odds of a dip below $114,000. Such a development would align perfectly with the **Crypto market analyst** Axel Adler Jr.’s projection. He anticipates new all-time highs within the next two weeks. This scenario suggests strong upward momentum. It could propel Bitcoin rapidly toward its previous peaks.

While a narrow window remains for a retest of order blocks near $114,000–$113,000, several factors mitigate this risk. Improving macroeconomic conditions play a vital role. Additionally, accelerating **Spot Bitcoin ETF** inflows suggest early buyer intervention. These forces could limit downside opportunities. Buyers might step in much sooner than expected. They would likely prevent a deeper retracement. Therefore, the market remains poised for a decisive move. The question is whether it will be a brief pause or a direct charge towards $124,000.

Bitcoin one-day chart. Source: Crypto News Insights/TradingView

The Broader Bitcoin Market Update and Future Outlook

The broader **Bitcoin market update** shows a confluence of bullish signals. Analyst predictions, robust institutional interest, and positive technical indicators paint an optimistic picture. The ongoing impact of the Federal Reserve’s interest rate decisions also influences the market. While September has historically been bearish, Bitcoin’s resilience in 2024 is noteworthy. It has consistently defied typical seasonal expectations. This suggests a stronger underlying demand. Traders are bracing for what could be a defining stretch. This period may mark Bitcoin’s next significant bullish leg.

Ultimately, the balance between structural liquidity gaps and bullish momentum will decide Bitcoin’s trajectory. Will it pause for a dip, or will it break directly towards $124,000? The coming two weeks promise to be crucial. They will reveal whether Bitcoin can indeed achieve **BTC all-time highs**. Investors should continue to monitor these developments closely. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.