CryptoQuant CEO Ki Young Ju has declared that Bitcoin’s bull cycle has ended, forecasting up to 12 months of bearish or sideways price action based on onchain metrics.
Quick Take delivers key facts fast—concise, clear, and easy to read. Perfect for busy readers.
Key Details:
- Ju cited fresh liquidity drying up and new whales selling at lower prices as key indicators of a bear market.
- His stance marks a shift from his earlier optimism on March 4, when he maintained that the bull cycle remained intact.
- Bitcoin has dropped 14.79% over the past month, trading at $83,030, per CoinMarketCap.
- Other analysts disagree—Swyftx’s Pav Hundal downplays concerns, stating that global economic conditions still favor risk assets.
- CoinRoutes CEO Dave Weisberger and crypto analyst Seth believe Bitcoin could soon rebound, citing historical trends and global money supply data.
Bitcoin hovers between $83,000 – $85,000 at the time this article is written.
This Quick Take article is published on BitPinas: Is The Bitcoin Bull Cycle Over? Bearish Trend Predicted
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