Bitcoin (BTC) has registered a slight uptick in the last few hours after US President Donald Trump announced a successful airstrike on Iranian nuclear facilities, a move aimed at de-escalating rising tensions in the Middle East after several days of conflict between Iran and Israel.
Despite the short-term price reaction, BTC remains in a corrective phase, having struggled to break through the $110,000 resistance level over the past month with market sentiment being largely shaped by both global uncertainty and technical stagnation.
Amid this backdrop, a crypto analyst with X pseudonym On-Chain College has highlighted two prospective price targets based on on-chain data.
Market Odds Favor Further Upside For Bitcoin – Analyst
In a recent X post on June 21, On-Chain College shares a positive long-term Bitcoin price outlook using the Mayer Multiple, an on-chain metric that measures relationship between Bitcoin’s price and its 200-day moving average (200DMA).
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