The crypto market is celebrating Bitcoin's (BTC) rise to $52,000, and an analyst has identified two possible paths to reach $150,000 within the next 6 months. 🚀

Analysis of on-chain data from Onchain Edge showed two scenarios that could lead BTC to significant growth. Metrics indicate that Bitcoin still has room to grow. 📈

The first scenario assumes a repeat of the market movements of 2019, when supply in the red bottomed out at 16% and rose again. In this case, the value of BTC will decline to a realized price of $23,000 within 6 months, and then the market will move to the second scenario.

In the second scenario, supply at a loss will drop to 3% over the next 6 months. This means that BTC will experience a significant bull run that will push its price to $150,000.

Onchain Edge believes that the second scenario is more likely since new money has not yet entered the market and open interest has not experienced a sharp decline as in 2021.