Analyst expects BTC to see strong gains as LTHs continue accumulation

As per the previous patterns, crypto analyst Axel Adler Jr. noted via X the likelihood for Bitcoin (BTC) to usher in strong gains based on the continued accumulation of BTC long-term holders (LTHs). "During each of the three major rallies, long-term holders (LTH) consistently built up their positions before strong growth," the analyst explained. According to the post, when BTC was trading around $28,000, LTHs ramped up their longs and the flagship token's price jumped to $60,000 about two months later. A similar trajectory was also seen at the $60,000 mark, after which BTC rose to $100,000. If the current situation is akin to that in past cycles, the analyst expects BTC to rally to the target surrounding $160,000.