Could Bitcoin (BTC) Price Hit $77,000 Soon? Here’s What Key On-Chain Metrics From Top Analyst Suggest

The basic principles of supply and demand drive the price action of any asset, including Bitcoin. Crypto analyst Ali (@ali_charts) emphasizes that when supply surpasses demand, prices tend to fall. Conversely, when demand exceeds supply, prices usually rise. On-chain metrics offer valuable insights into Bitcoin holders’ behavior, which is crucial for understanding future price action.