Bitcoin has experienced a bullish week, surging 6% since Wednesday, igniting excitement among analysts and investors who believe this could be the beginning of the next major rally.
Key on-chain metrics point to a strong accumulation phase, suggesting significant price appreciation may occur.
Analyst Axel Adler expects a 'longer' Bitcoin rally, with a potential duration of 100 days, based on favorable macroeconomic conditions.
Bitcoin is currently testing crucial supply levels, and a successful push past $70,000 could signal the start of a powerful and extended rally.