The post CryptoQuant CEO Warns: “Bitcoin Will Rise, But It’s Time for a Gradual Sell-Off!” Here’s Why! appeared on BitcoinEthereumNews.com.

Donald Trump’s re-election as US president after four years has boosted Bitcoin and altcoins, and this rise is expected to continue. While the first target for BTC is expected to be $80,000 and $100,000 by the end of the year, it is estimated that the rally has just begun. However, CryptoQuant CEO Ki Young Ju thinks differently. The famous CEO claimed that there will be a rise, but investors should consider selling BTC gradually. Referring to new investors in his post from the X account, Ju said that it is time to consider selling BTC gradually, stating that new investors may be inclined to sell when their losses decrease. Ju noted that new investors who held Bitcoin during bear markets are now experiencing less pressure, warning that even if BTC rises 30-40% from current levels, this increase will not be the same as the 368% increase from $16,000. At this point, the CryptoQuant CEO suggests considering gradual sales rather than risking everything to buy BTC. “New investors often hold BTC during bear markets and suffer losses. After about two years, when the pain has subsided, it changes hands. That time is now. Bitcoin could rally +30-40% from here, but it won’t be the +368% rally we saw from $16,000. I think it’s time to consider a gradual sale rather than a full acquisition.” Bitcoin continues to trade at $73,400 at the time of writing. New investors often hold $BTC through bear markets, enduring losses. After about two years, it changes hands when pain eases. That time is now. It could go up +30-40% from here, but not like the +368% we saw from $16K. Time to consider gradual selling, not all-in buying, imo. pic.twitter.com/hXRT6YBsxS — Ki Young Ju (@ki_young_ju) November 6, 2024 *This is not investment advice. Follow our Telegram…

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Filed under: News - @ November 6, 2024 12:27 pm