In March, the expert concluded that the upward trend has come to an end, and in the next 6-12 months, prices will either decline or remain in a sideways trend.

After rising to $94,000, Ki Young Ju acknowledged that the price was 10% above the level at which he announced the end of the bullish trend.

He added that he would continue to monitor the data for a few more weeks in search of signs of a reversal upwards. However, until the price surpasses $100,000, his viewpoint will remain unchanged.

According to the CEO of CryptoQuant, the market is currently inclined to react to every comment from U.S. President Donald Trump. Therefore, short-term price fluctuations are much more dependent on events, making them difficult to analyze using on-chain indicators.