The price of Bitcoin could potentially rise above $80,000 in the near future, but before that happens, there may be a period of capitulation that takes the price below $50,000. According to crypto analyst Cole Garner, on-chain liquidity is tightening, which is typically a precursor to a bull run. Garner believes that global central bank liquidity will continue to support Bitcoin's price. Additionally, the declining supply of stablecoins and a chart analysis suggest that Bitcoin's price may dip before entering a renewed bull market. However, analysis shows that short-term Bitcoin holders have been gradually exiting the market, reducing selling pressure and potentially stabilizing the market. Despite this, new whales are continually adding Bitcoin to their holdings, contributing to a growing accumulation trend.



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