Cryptoquant CEO, which Young Ju believes Bitcoin can fall to $ 77,000. However, even in this case, he says he could protect the bull market in 2025. In this context, Young Ju suggests that a 30 percent Bitcoin price decrease will maintain the current bull trend in accordance with historical norms.
Cryptoquant CEO: This year there is no Bitcoin bear market!
Kriptokoin.comAs you have followed, the price of BTC has been watching horizontally for about a month. Also, there is no acceleration to recover $ 100,000. Despite this, Bitcoin remains in a “bull cycle .. According to Young Juan from Cryptoquant, Bitcoin will continue higher levels during the next year despite its slow onset. In this direction, Young Ju makes the following statement:
I don’t think we’re going to enter the month market this year. We’re still in a bull cycle. The price will eventually rise, but the range looks wide. I personally think that the bull cycle can continue with a 30 %decrease (for example, 110 thousand dollars → 77 thousand dollars), as seen in the past cycles.
Bitcoin investor cost base data. Source: Ki Young Ju/XA $ 77,000 local base will continue to keep the BTC above the highest level of the previous cycle. In addition, this level has already become a popular downward target for traders who want to see that the market is a solid support basis.
Binance Trader and Miners’ Levels for Miners
Cryptoquant CEO, Ki Young Ju, pointed out a few close total cost base of the US Spot Bitcoin Stock Exchange Investment Fund (ETF) investors, including $ 89,000 investments that have been supporting support since November.
Meanwhile, new Bitcoin whales have the same net purchase level. This gives an increasing importance as a return point in the event of a wider market decline in the future. The total attempt of traders in the global stock market Binance is much lower than $ 59,000. BTC mining companies will fall to the red zone with $ 57,000. “In the past declines (2022 May, 2020 March, 2018, 2018), Young Ju says that falling below this level confirms a bear market”.
Performance after halving points to Bitcoin price increases
Somewhere else, Cryptoquant Analyst Timo Oinonen describes more Bitcoin price increase in this cycle, which is described as “unfinished”. The reason for this is that the BTC has gained only 60 %of the Halving incident in April of last year. Analyst makes the following statement:
Despite the ongoing Halving cycle, I am waiting to see a sales effect in May, a horizontal summer and high price levels in the last quarter. Positive 4th quarter seasonality was repeated in 2013, 2016, 2017, 2020, 2021, 2023 and 2024. A deeper correction may be a few months or even a year away.
BTC/USD comparison. Source: cryptoquant
