On April 24, 2025, CryptoQuant's CEO Ki Young Ju stated that Bitcoin is still in a broad price range, and it is too early to talk about the recovery of the bullish trend. According to him, the key level for confirming growth is $100,000. Ju emphasized that he will closely monitor technical indicators and on-chain data over the next month to identify signs of a trend reversal.
Earlier, in March, Ki Young Ju predicted the end of the Bitcoin bull cycle, forecasting sideways or downward movement throughout the year. However, despite a 10% drop following his statement, Bitcoin subsequently recovered and even exceeded its previous level by 10%. The expert acknowledged that he might change his mind if the price breaks $100,000. Currently, the market is showing volatility: recently, Metaplanet acquired 145 BTC for $13.6 million, but this did not change the overall picture. CryptoQuant analysts note that a fresh influx of liquidity is needed for a new rally, which is not yet observed.
Ki Young Ju remains cautious, urging investors to prepare for volatility. Will we see Bitcoin break through to new heights? Stay tuned for updates!
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