On-chain analysis revealed that BTC has the potential to rally to $42,000 before the year runs out. In the meantime, coin distribution exceeds accumulation. Currently trading at its September 2022 level, CryptoQuant analyst Oinonen_t has opined that Bitcoin [BTC] “has a significant chance to reach its fair price of $42K this year.” According to Oinonen_t,
![Bitcoin’s [BTC] price ‘might touch $42,000 this year,’ well only if…](https://images.cryptocompare.com/news/default/ambcrypto.png "Bitcoin’s [BTC] price ‘might touch $42,000 this year,’ well only if…")
