<ul><li>Bitcoin's recent price surge is primarily attributed to supply and demand dynamics, according to market expert Axel Adler Jr.</li><li>Positive sentiment around Bitcoin has reached a new high, with expectations of the digital asset reaching $70,000.</li><li>However, market intelligence platform Santiment suggests that for Bitcoin to reach a new all-time high, it may need to wait for the crowd's expectations to cool down.</li><li>On-chain and macro researcher Axel Adler Jr emphasizes that the main drivers of Bitcoin's market are always supply and demand, rather than crowd sentiment.</li><li>CryptoQuant's analysis reveals that Bitcoin's supply in profit has remained high, indicating a large number of BTC holders are still in gains.</li></ul>

Bitcoin’s Price Movement Primarily Influenced By Supply And Demand, Expert Claims

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