Analyst said 'Bullish is Very Strong' on Bitcoin, Revealed What They Expect Next! Will a New ATH Come?

Bitcoin researcher Axel Adler Jr. stated in his analysis evaluating the recent developments in the crypto market that the current bull cycle is based on solid foundations and that the market is becoming increasingly mature.

Adler Jr. stated that since the bull cycle that began in November 2022, Bitcoin has only experienced two significant corrections: he mentioned that after the pullbacks of over 30% in August 2024 and April 2025, prices quickly recovered and reached new highs. He added that the pullbacks in all other periods remained in the 10-20% range, serving the classic "shake-out" function and did not disrupt the upward trend.

Adler Jr. stated that the current weekly simple moving average based on (SMA) indicates a decline of only %-7, and that the current pullback has been limited to %-4.7, suggesting a calm consolidation process in the range of 100-106 thousand dollars.

Adler Jr. stated that the recurring "deep correction-accumulation-new rise" cycle in the market is also evident in this bull market and that the increasingly narrowing structure of pullbacks is a strong signal of market maturity. He mentioned that as long as there is no serious negative news flow, the strong support at the level of 96 thousand dollars will continue to drive the bull trend, and that new all-time highs of (ATH) could be seen.

Another important data highlighted by Adler Jr. is the BTC flows on centralized exchanges (CEX). The average daily total flow of (inflows + outflows) has decreased to 40,000 BTC, reaching the lowest level in the last 10 years. This situation indicates that investors are tending to withdraw their BTC from exchanges to hold it long-term and suggests a potential liquidity crunch in the market.

The weekly net flow continues to remain negative at the level of –4,300 BTC; this indicates that the amount of coins deposited is lagging behind the amount withdrawn. Nevertheless, the 30-day average inflow/outflow ratio is at levels comparable to the end of 2023 and the period when the bull market began. Adler Jr. noted that this data indicates that the demand for Bitcoin is still strong.

*This is not investment advice.

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