Amidst the volatile crypto market, investors seek signals to understand trends. CryptoQuant CEO shared his insights on Bitcoin's bull cycle.
Is the Bitcoin Bull Cycle Truly Intact? CryptoQuant CEO Weighs In
Ki Young Ju, CEO of CryptoQuant, remains optimistic about Bitcoin's bull cycle, considering the cycle intact unless BTC drops below $75,000, a critical level. He acknowledged a potential 30% drawdown but maintains a bullish stance as long as Bitcoin stays above this threshold.
Understanding Liquidity and its Role in the Crypto Market Analysis
Ki Young Ju emphasized the importance of liquidity in the market. Price declines during distribution phases are often due to reduced liquidity. Fresh liquidity is crucial to prevent a shift to a bear market. High liquidity stabilizes prices and supports market growth.
BTC Price Consolidation: What to Expect Next?
Ki Young Ju anticipates consolidation in the $75,000 to $100,000 range. Such phases allow the market to digest gains. Factors such as market sentiment and liquidity inflow influence the duration and intensity of this consolidation.
Ki Young Ju's analysis highlights the $75K level's importance and liquidity's role in maintaining the bull trend. Consolidation is seen as a strategic time to plan for potential upward movements supported by positive news.
