PANews reported on May 1 that CryptoQuant analyst Axel Adler Jr analyzed three possible trends for Bitcoin in the next six months. Currently, the momentum on the Bitcoin chain shows signs of "starting".

• In an optimistic scenario, if the relevant indicator breaks through 1.0 and maintains it, the price of Bitcoin could rise to $150,000 to $175,000.
• In the base case, the indicator fluctuates between 0.8-1.0 and the price will hover between $90,000 and $110,000.
• In a pessimistic scenario, if the indicator drops above 0.75, short-term holders may sell and the Bitcoin price may fall back to $70,000 to $85,000.

It said that given previous adjustments, the first two scenarios were more likely to occur.