Bitcoin 
$75,013 has struggled to breach the $112,000 threshold for two months. Yet, the potential for a new peak within the next seven days remains. CryptoQuant analyst Axel Adler Jr. observed a recurring pattern in Bitcoin that has re-emerged. Since the last peak, 47 days have passed without a significant drop over 20%. Historically, such stability in the largest cryptocurrency foreshadowed new highs within weeks in 2013, 2017, and 2021. Presently, a similar scenario seems to unfold.
Bitcoin Could Hit New High in Seven Days
According to the model highlighted by Axel Adler Jr., in bullish cycles, when prices linger for 50 days without a substantial pullback, buyer pressure rapidly intensifies. Today marks the 47th day, and on-chain data indicates long-term wallet holders are not engaging in profit-taking. With tepid selling volumes, open positions in futures continue to climb swiftly. This suggests that demand is being supported by leverage, alongside the spot market.
In previous cycles, peaks were reached on the fourth attempt after three failed tries. Adler suggests, as long as there isn’t a 20% or greater drop, breaking the last peak of $112,000 is statistically more likely. Rather than slowing, institutional purchases are accelerating, maintaining upward momentum.
Weakened Dollar Index Supports Record Expectations
CryptoQuant analyst Darkfost recalls that the U.S. Dollar Index (DXY) falling below its 365-day moving average historically precedes a Bitcoin rally. A weaker dollar increases investor risk appetite, speeding up liquidity flows into the cryptocurrency market. The current decline is easing technical resistance, making it easier for Bitcoin to sustain its levels around historical highs.
Currently trading around $108,769, Bitcoin has risen slightly in the last 24 hours. If the DXY continues to decline, the liquidity balance could favor Bitcoin, potentially resulting in a new record. Combined with on-chain supply squeeze, this scenario strengthens the likelihood of reaching a new record high within days.
