CryptoQuant CEO Predicts Bitcoin’s Next Big Move – And Hope He’s Wrong
The post CryptoQuant CEO Predicts Bitcoin’s Next Big Move – And Hope He’s Wrong appeared on BitcoinEthereumNews.com. Bitcoin is currently rewriting its all-time high, thanks primarily to the results of the recently concluded US elections and increasing inflows into Bitcoin ETFs. Days before the election, Bitcoin struggled to hold the $70k level, briefly hitting $73k. Immediately after the elections, Bitcoin unleashed another mini-run, hitting $77,262 and briefly topping $79k for the first time. With favorable market and political conditions, many traders and analysts are looking at more upside for Bitcoin. Source: Bitstamp But there are a few contrarian opinions in the market right now, saying that the asset is up for a correction. Ki Young Ju, CryptoQuant’s CEO, offers a shocking prediction for Bitcoin: the world’s top digital asset will trade below $60k by year-end. Just one day left. For me, it’s $58,974. Hope I’m wrong. https://t.co/ALUa0nvlMT — Ki Young Ju (@ki_young_ju) November 9, 2024 CEO Makes Shocking Bitcoin Price Prediction According to a Twitter/X post by Ki Young Ju, the market is up for some major disappointment. After Bitcoin hit $77k, he expects that there will be a trend reversal in the next few weeks, with Bitcoin ending the year at $58,897. Ki Young Ju’s bold prediction contrasts with the growing chorus of analysts saying that Bitcoin’s continuous surge is expected until next year. Still, Young Ju offered a disclaimer, saying he could be wrong. The CEO’s post on Bitcoin came when the asset traded at the $77k, briefly topping $79k. XXX market cap currently at $1.57 trillion. Chart: TradingView.com Market Can Expect A 24% Drop In The Asset’s Price Young Ju’s Bitcoin price prediction represents a massive 24% price drop. Before making the prediction, he also asked his followers on Twitter/X to guess the possible Bitcoin price at year-end. The post added that he’d give 0.01 BTC or roughly $7,600 at the current price to…
The post CryptoQuant CEO Predicts Bitcoin’s Next Big Move – And Hope He’s Wrong appeared on BitcoinEthereumNews.com.
Bitcoin is currently rewriting its all-time high, thanks primarily to the results of the recently concluded US elections and increasing inflows into Bitcoin ETFs. Days before the election, Bitcoin struggled to hold the $70k level, briefly hitting $73k. Immediately after the elections, Bitcoin unleashed another mini-run, hitting $77,262 and briefly topping $79k for the first time. With favorable market and political conditions, many traders and analysts are looking at more upside for Bitcoin. Source: Bitstamp But there are a few contrarian opinions in the market right now, saying that the asset is up for a correction. Ki Young Ju, CryptoQuant’s CEO, offers a shocking prediction for Bitcoin: the world’s top digital asset will trade below $60k by year-end. Just one day left. For me, it’s $58,974. Hope I’m wrong. https://t.co/ALUa0nvlMT — Ki Young Ju (@ki_young_ju) November 9, 2024 CEO Makes Shocking Bitcoin Price Prediction According to a Twitter/X post by Ki Young Ju, the market is up for some major disappointment. After Bitcoin hit $77k, he expects that there will be a trend reversal in the next few weeks, with Bitcoin ending the year at $58,897. Ki Young Ju’s bold prediction contrasts with the growing chorus of analysts saying that Bitcoin’s continuous surge is expected until next year. Still, Young Ju offered a disclaimer, saying he could be wrong. The CEO’s post on Bitcoin came when the asset traded at the $77k, briefly topping $79k. XXX market cap currently at $1.57 trillion. Chart: TradingView.com Market Can Expect A 24% Drop In The Asset’s Price Young Ju’s Bitcoin price prediction represents a massive 24% price drop. Before making the prediction, he also asked his followers on Twitter/X to guess the possible Bitcoin price at year-end. The post added that he’d give 0.01 BTC or roughly $7,600 at the current price to…
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