- CryptoQuant CEO Ki Young Ju predicts 6–12 months of bearish movement for Bitcoin after declaring the end of the bull cycle
- Historical trends suggest Bitcoin could surpass its all-time high by mid-2025
Bitcoin’s recent downturn has led to a shift in market sentiment, with experts reassessing its future trajectory. According to CoinMarketCap data, BTC was trading at $81,896.71 at the time of writing, marking a 0.46% decrease in the last 24 hours.
Ki Young Ju’s Warning on Bitcoin
In light of recent events, CryptoQuant CEO Ki Young Ju, who had previously dismissed bearish concerns, now believes that Bitcoin’s bull cycle has come to an end.
Taking to X, Ju stated:
“#Bitcoin bull cycle is over, expecting 6–12 months of bearish or sideways price action.”
Source: Ki Young Ju/X
Analysis of Bitcoin’s Market Cycle
Ju’s latest analysis indicates a shift in Bitcoin’s market cycle, with key on-chain metrics suggesting a bearish or sideways trend for the next six to twelve months. He highlighted a chart on BTC’s Profit and Loss (PnL) Index, cautioning against overly optimistic expectations of a strong rebound.
Ju observed weakening liquidity inflows and noted that new whale investors are selling their holdings at lower prices. He also applied Principal Component Analysis (PCA) to metrics like MVRV, SOPR, and NUPL, utilizing a 365-day moving average to identify potential trend reversals.
Source: Ki Young Ju/X
Concerns and Future Outlook
Despite current bearish signals, historical trends suggest Bitcoin could experience a major rally in the future. Analysis of BTC’s price movements since 2015 reveals a seasonal growth pattern, with the strongest gains typically occurring between April and October. Some projections even suggest that Bitcoin could surpass its previous all-time high by mid-2025.
While short-term uncertainty lingers, long-term indicators hint at potential upside for the flagship cryptocurrency. The future of Bitcoin remains uncertain as experts like Ju predict a bear market, but historical patterns offer hope for a resurgence in the coming months.
text in a different way:
Please rephrase the following statement:
“The company is experiencing financial difficulties and may need to make layoffs.”