Bitcoin to $91K? Here’s what the experts are betting on

Recent whale activities and increasing active addresses suggest strong market support for this bullish outlook.continued to exhibit signs of potential upward movement.

At press time, it hovered around $67,505, reflecting a minor increase over the past 24 hours. This resilience came amid a backdrop of broader market corrections, with the asset experiencing a 4.7% decline over the week.

The “Magic Bands” model suggested that Bitcoin, currently navigating what is termed as ‘level 2.5’ of the cycle, was poised for a breakout that could propel it to $91,539.This would mark a significant ascent from its current valuation and potentially pave the way to reaching what the model predicts as a ‘Cycle Top Target’ of $123,832.To gauge the feasibility of such a price leap, one can look at Bitcoin’s Open Interest and active addresses.

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