Quant fund says bitcoin is near a major inflection point as rare onchain signals align (opens original article in a new tab)

A hedge fund says Bitcoin is nearing a major inflection point as rare on-chain signals align, with potential outcomes of breaking $82,000 or dropping to $48,000 within 90 days.

• Four rare on-chain indicators for Bitcoin have aligned for the sixth time in its history, historically signaling market bottoms.
• Portfolio manager Chris Sullivan predicts Bitcoin may break above $82,000 or drop to $48,000 within 90 days before a new uptrend is confirmed.
• Sullivan argues structural changes in U.S. spot Bitcoin ETFs and on-chain fundamentals are more important than bearish narratives.