CryptoQuant’s CEO warns that the Bitcoin bull cycle may be over, predicting a bearish or sideways market for the next 6-12 months. Ki Young Ju stated that all onchain metrics for Bitcoin indicate a bear market, with new whales selling at lower prices due to drying liquidity. This shift in perspective comes shortly after Bitcoin funding rates approached 0%, showing indecision among traders. Despite Ju’s earlier belief in a slow but intact bull cycle, other analysts like Swyftx lead analyst Pav Hundal remain optimistic, citing a positive global economy trajectory. Currently, Bitcoin is trading at $83,030, down by 14.79% over the past month. Some experts speculate that with the global M2 money supply hitting new highs, Bitcoin could rally again. CoinRoutes CEO Dave Weisberger even suggests that Bitcoin could reach all-time highs by late April. However, former Phunware CEO Alan Knitowski believes Bitcoin’s current price is 67% lower than it should be, with the lower bound historically around $250,000. Swan Bitcoin CEO Cory Klippsten is more bullish, predicting a more than 50% chance of all-time highs by the end of June. Bitcoin’s current all-time high of $109,000 was set on Jan. 20. This article serves as information and does not provide investment advice; readers are urged to conduct their own research before making investment decisions.<\/p>\n","protected":false},"excerpt":{"rendered":"
CryptoQuant’s CEO warns that the Bitcoin bull cycle may be over, predicting a bearish or sideways market for the next 6-12 months. Ki Young Ju stated that all onchain metrics for Bitcoin indicate a bear market, with new whales selling at lower prices due to drying liquidity. This shift in perspective comes shortly after Bitcoin […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[25],"tags":[],"aioseo_notices":[],"featured_image_urls":{"full":"","thumbnail":"","medium":"","medium_large":"","large":"","1536x1536":"","2048x2048":""},"author_info":{"display_name":"","author_link":"https:\/\/vanillanews.com\/index.php\/author\/"},"category_info":"JUST IN<\/a>","tag_info":"JUST IN","comment_count":"0","_links":{"self":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/posts\/67105"}],"collection":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/comments?post=67105"}],"version-history":[{"count":0,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/posts\/67105\/revisions"}],"wp:attachment":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/media?parent=67105"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/categories?post=67105"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/tags?post=67105"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}