Jan Happel and Yann Alleman, founders of the blockchain analysis platform Glassnode, forecast that Bitcoin (BTC ($85,699.00)) 
$93,935 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
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