According to renowned analyst Ki Young Ju, the current situation in the cryptocurrency market does not foreshadow an immediate breakthrough of Bitcoin to the $100,000 mark and the establishment of new historical highs. However, he also believes that it is premature to talk about the beginning of a bearish trend.
"We are still in an upward cycle, and eventually the price of Bitcoin will rise, although the range of fluctuations may be significant. I do not rule out the possibility of a decline to $77,000, after which the upward trend may resume," said Ki Young Ju.
The analyst emphasized that investors and traders are now closely watching the formation of a stable support base to adjust their strategies. He also pointed to the influence of macroeconomic factors on cryptocurrency quotes and noted that after halving, various scenarios are possible, including correction.
In addition, Ki Young Ju expressed doubts that a strategic state reserve of Bitcoin will be created in the United States under the administration of Donald Trump.