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Jan Happel and Yann Alleman, founders of the blockchain analysis platform Glassnode, forecast that Bitcoin (BTC) 
$84,509 could reach six-figure values again. They believe that liquidity flow and market participants’ profit-taking strategies will shape this potential.
Comparison with the Past and Market Dynamics
The founders of Glassnode compared Bitcoin’s current state with the end of 2020. During the period from December 2020 to February 2021, liquidity outflows coincided with price corrections. However, network growth continued during this time.
According to statements, liquidity flow plays a crucial role in the price increase of BTC. Negentropic indicated that the rise in BTC prices could be feasible as long as liquidity flows back into the market and network growth persists.
Liquidity Increase and Reduced Profit-Taking Can Support Prices
A report shared by Swissblock emphasized that profit-taking should stabilize for Bitcoin to rise again. Jan Happel noted that profit-taking above $90,000 is still ongoing, but the selling pressure is gradually decreasing. Yann Alleman stated that for prices to gain momentum, profit-taking should become stable, and large sell volumes causing sudden spikes should be avoided.
Currently, BTC is trading at $92,077, reflecting a daily decline of 1.7%. However, the founders of Glassnode predict that Bitcoin’s price could rise again in scenarios where liquidity flow and profit-taking decrease.
