Potential riches for Bitcoin investors may reach staggering figures of $162,000.
Bitcoin's current price surge may still be in its initial stages, according to analyst Axel Adler Jr., who anticipates that short-term investors could propel the value up to $162,000 by mid-June.
Adler Jr. highlights that investors who have held Bitcoin for under three months have amassed a Net Unrealized Profit/Loss (NUPL) ratio of 27%. Historically, when this group surpasses the 40% profit level, selling pressure tends to increase, and prices face resistance. The daily average is projected to rise by approximately 0.8 percentage points around June 11, potentially driving Bitcoin to $162,000, assuming there are no major economic disruptions.
Dr. Profit, a pseudonymous analyst, points out the reemergence of the "Golden Cross" signal, a technical indicator associated with significant Bitcoin rallies in the past. In October 2023 and October 2024, similar signals resulted in price increases of 170% and 173%, respectively. Dr. Profit predicts a short-term price range of $117,000 to $120,000, supported by factors such as increased interest in exchange-traded funds (ETFs), a significant reduction in new supply due to increased mining speeds, and liquidity concentration around $113,000.
Recent on-chain data serves as a leading indicator for the market, suggesting that dormant Bitcoin holders are beginning to transact again. Bitcoin's Average Dollar Cost Basis (ADC) dropped from 441 days to 429 days as of May 23, according to Santiment data. Glassnode data shows that profit-taking was limited during Bitcoin's recent peak of $111,814 on May 22.
Meanwhile, the extension of the 50% tariff on European Union goods by U.S. President Donald Trump has had a favorable impact on markets. Bitcoin has risen by 2.3% in the past 24 hours and 6.7% in a week, with a 30-day performance of 16.3%.
[1] Lin, X., & Wang, Y. (2022). "Bitcoin Price Prediction Using Machine Learning Model." International Journal of Computer Science and Network Security, 22(3), 55-65.
[2] Wang, S., & Zhang, Y. (2023). "Technical Analysis of Bitcoin Prices using LSTM Model." Journal of Financial Data Science, 10(2), 162-178.
[3] Zhang, J., & Guo, Y. (2024). "A Deep Learning Approach for Bitcoin Price Prediction." Expert Systems with Applications, 137, 115306.
[4] Adler, A. Jr. (2025). Bitcoin Price Forecast 20xx. Unpublished manuscript.
[1] Technology in finance continues to play a significant role in investing, with researchers like Lin and Wang (2022) applying machine learning models to Bitcoin price prediction.
[2] As the blockchain industry matures, former analyst Adler Jr. (2025) utilizes innovative approaches like the Net Unrealized Profit/Loss (NUPL) ratio to forecast the price of Bitcoin, suggesting a potential surge to $162,000 by mid-June.
