The post Bitcoin Bull Run Projected to Last Until Early 2025, Says CryptoQuant CEO appeared on BitcoinEthereumNews.com.

Ki Young Ju, CEO of CryptoQuant, forecasts the Bitcoin (BTC) bull run to continue until early 2025. He acknowledges a potential price drop to $47,000 but foresees overall bullish momentum. Ju advises caution to traders, especially those involved in futures, and suggests dollar-cost averaging (DCA). Ki Young Ju predicts robust BTC bull cycle with strategic trading insights. Bitcoin Bull Run Expected to Last Through Early 2025 Ki Young Ju, the Chief Executive Officer of the blockchain analytics platform CryptoQuant, projects the current Bitcoin (BTC) bull market to endure through the initial months of 2025. In a series of posts on his social media platform, Ju updated his 351,000 followers on X about his expectations. He discussed potential market behaviors, including the possibility of a price downturn around the $47,000 mark but remained confident in the overall bullish trend continuing into the next year. Strategic Trading Advice: Focus on Spot Trading and DCA Ju emphasizes the importance of prudent trading strategies, particularly for those less experienced with high-risk futures trading. He recommends dollar-cost averaging (DCA) for spot market participants and highlights the risks associated with high-leverage positions. “If you are not an experienced futures trader, do not open high-leverage long or short positions based on my tweets,” Ju cautions, underscoring the need for informed and cautious trading practices. His recommendations also include a reminder for traders to conduct their own research (DYOR) before making investment decisions. Insights on Bull Market Peak and Government BTC Holdings When queried about a potential Bitcoin price pinnacle for this bull market, Ju indicated a projection grounded on the realized cap indicator – a metric examining the price at which each Bitcoin in a cohort was last transacted. According to Ju, the estimated peak could reach $112,000. He also addressed concerns regarding the impact of Western…

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Filed under: News - @ July 7, 2024 12:14 pm