CryptoQuant CEO Predicts Extended Bitcoin Bull Run Until April 2025
Ki Young Ju of CryptoQuant projects that the present Bitcoin bull run could extend until at least April 2025, contingent upon forthcoming market conditions. As market analyst Cas Abbé notes, Bitcoin is currently in a manipulation phase, but historical data suggests potential for recovery, particularly in March after bearish trends in February.
The Chief Executive Officer of CryptoQuant has expressed his views regarding the potential conclusion of the current Bitcoin bull run, suggesting that it may extend longer than any preceding rally. Currently, Bitcoin is struggling to remain above the $100,000 threshold, and Ki Young Ju believes that this extended momentum could last until at least April 2025. However, he cautions that the upcoming months are critical for determining whether demand will recover or decline.
While analyzing various indicators, Ju commented on Bitcoin’s precarious position between a bullish spike and a bearish decline. He anticipates that even if Bitcoin does dip below $77,000, it is unlikely to remain there for long, predicting it will stabilize at that level before climbing again. Ju has consistently advised traders to refrain from making aggressive leveraged bets during this pivotal moment in the market.
Market analyst Cas Abbé has highlighted that Bitcoin is currently in a manipulation phase, suggesting that recent bearish trends have stifled upward momentum, regardless of positive developments. He pointed out that last September, Bitcoin experienced a similar stagnation before its next price surge, indicating that traders should remain vigilant as the market may soon present new opportunities for upward movement.
In February 2025, Bitcoin experienced a 16.37% decrease, and Bitcoinsensus noted that, historically, March tends to yield strong results following bearish Februarys. With the potential for Bitcoin to close its third bearish February in recorded history, there remains optimism for a turning point next month, aligning with past trends.
An analyst identified as the Master of Crypto has observed that significant market drops in prior bull cycles—namely 35% in 2017 and 33% in 2021—preceded substantial rallies of 320% and 280%, respectively. Currently, with Bitcoin down approximately 20% following a similar pattern, there may be a precedent for a positive upward trend. Additionally, there has been notable whale activity, with over 26,000 BTC recently transferred to long-term investment addresses, alongside a rise in the stablecoin index, indicating an increase in fresh capital inflows.
At present, Bitcoin is trading at $85,432, reflecting a 2.75% decline in the last 24 hours. Investors are urged to conduct thorough research and remain cautious, as market conditions can rapidly evolve.
In summary, Ki Young Ju, CEO of CryptoQuant, foresees a prolonged Bitcoin bull run that may last until April 2025, contingent on market demand in the next few months. Analyst Cas Abbé supports this perspective, noting the current manipulation phase within the market, while historical trends suggest March could defy bearish Februarys. Overall, Bitcoin’s recent downturn parallels previous cycles followed by substantial rebounds, indicating potential for a future increase in price.
Original Source: thecryptobasic.com
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