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Ki Young Ju: There is a possibility of Bitcoin dropping to $77,000
Ki Young Ju stated that Bitcoin currently lacks the incentives to surpass the $100,000 level and reach a new all-time high. At the same time, it is not worth expecting the onset of a bearish trend:
"We are still in a bull cycle. The price will eventually go up, but the range seems wide. I believe there is a possibility of Bitcoin dropping to $77,000; however, the upward trend of the asset may continue afterward."
According to the businessman, investors and traders are waiting to see how the market forms a strong support base, after which they will adjust their trading strategies. Macro-economic factors influence cryptocurrency quotes, and the post-halving cycle does not rule out a correction in one direction or another, clarified the CEO of CryptoQuant.
Earlier, Ki Young Ju expressed doubts about the prospects of a strategic federal reserve of Bitcoins emerging in the United States under the new administration of Donald Trump.
$BTC
Ki Young Ju: There is a possibility of Bitcoin dropping to $77,000
Ki Young Ju stated that Bitcoin currently lacks the incentives to surpass the $100,000 level and reach a new all-time high. At the same time, it is not worth expecting the onset of a bearish trend:
"We are still in a bull cycle. The price will eventually go up, but the range seems wide. I believe there is a possibility of Bitcoin dropping to $77,000; however, the upward trend of the asset may continue afterward."
According to the businessman, investors and traders are waiting to see how the market forms a strong support base, after which they will adjust their trading strategies. Macro-economic factors influence cryptocurrency quotes, and the post-halving cycle does not rule out a correction in one direction or another, clarified the CEO of CryptoQuant.
Earlier, Ki Young Ju expressed doubts about the prospects of a strategic federal reserve of Bitcoins emerging in the United States under the new administration of Donald Trump.
$BTC
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