Market analyst Axel Adler and derivatives data suggest a bullish outlook for Bitcoin, with a high probability—around 70%—of reaching new highs in the next two weeks, supported by rising prices, increasing open interest, and futures trading at a premium.

The future trajectory of Bitcoin will depend on the interaction of structural liquidity gaps and bullish momentum, influenced by macroeconomic factors and ETF inflows, which could either lead to a pause or a direct move toward $124,000.

Institutional demand remains strong, with US spot Bitcoin ETF inflows totaling $2.8 billion since September 9, reinforcing the positive price momentum.

While a short-term pullback might occur due to internal liquidity pockets and September's typical seasonal weakness, broader macro conditions still favor continued growth.

Historical patterns show Bitcoin often surges after confirming a daily break of structure, bypassing internal liquidity levels, as seen in previous rallies like July.

Current market indicators, including balanced Short-Term Holder (STH) MVRV Z-scores and spot trading above realized prices, suggest a consolidation phase that could precede a breakout.

Historical data indicates that following Nasdaq all-time highs and US stock market strength, Bitcoin has historically gained 16% in 30 days and 46% in 90 days, potentially reaching $136,000 or $199,000 from current levels.

The recent two-week rally in US stocks supports bullish sentiment, as historical trends show Bitcoin often rises after US market highs.

After the Federal Reserve's rate cut, Bitcoin has resumed its upward trend, rallying 8.5% in September to $117,800 amid anticipation of a new all-time high within the next two weeks.

A key technical signal for confirming the bullish trend is Bitcoin closing above $117,500 on a daily basis, which would reduce the likelihood of a dip below $114,000.