Summary of the Situation
The bullish phase of Bitcoin’s market has come to an end, as stated by Ki Young Ju, the founder of the crypto research firm CryptoQuant. Ju foresees a period of 6 to 12 months characterized by declining market liquidity, which could lead to either stagnant or falling prices.
Key Points to Consider:
- The Bitcoin bull market is anticipated to be over, with a prediction of sideways market activity.
- CryptoQuant’s analysis indicates a potential regression to the $63,000 price level, highlighting bearish market signals and a need for new liquidity.
- The economic environment and global political pressures might intensify selling forces, with market predictions suggesting that Bitcoin may fluctuate between $81,000 and $87,000 this week.
Ju commented:
“#Bitcoin bull cycle is over, expecting 6–12 months of bearish or sideways price action.” — Ki Young Ju
(Translation: The bullish market for Bitcoin has ended, and he predicts a period of bearish or stable price trends lasting between 6 to 12 months.)
This caution has been echoed by market analysts who suggest that conditions may lead to further downward pressure as BTC supply expands amidst declining demand.
Recent Market Trends:
- Bitcoin’s price has seen a 15% decline over the past month, impacting previous gains made post-election.
- Reports indicate that liquidity numbers haven’t improved, which raises concerns for investors.
