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Analyst Forecasts BTC Short-Term Holders Could Drive Price to $162K in Weeks

  • Bitcoin's rally could see a surge to $162,000 by mid-June driven by short-term holders approaching a profit threshold.
  • Analyst Axel Adler Jr. notes that Bitcoin's Net Unrealized Profit/Loss for holders of up to three months is at 27%.
  • Market analysis shows that if the profit threshold for short-term holders surpasses 40%, it could act as significant price resistance.
  • Support for the price projection comes from on-chain data suggesting bullish momentum, with Bitcoin's market cap holding steady at $2.18 trillion.

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