Bitcoin is experiencing a prolonged decline, sparking discussions about the end of the bull market. However, analysts are divided on what lies ahead for the cryptocurrency.
Current Situation Analysis
Despite discussions on the onset of a bear market, some analysts believe Bitcoin is undergoing a typical correction phase. This perspective is supported by observations from previous cryptocurrency cycles.
Expert Opinions
Ben Simpson, CEO of the crypto research platform Collective Shift, stated that the correction in the Bitcoin and crypto markets is normal. Simpson attributed the correction to temporary global liquidity constraints, noting that the bull market remains intact.
Opposing Views
In contrast, CryptoQuant founder and CEO Ki Young Ju announced that the Bitcoin bull cycle is over. He expects a decline or sideways price movement for the next 6-12 months.
Analysts continue to express varied opinions about the future of Bitcoin. While the temporary decline may be a normal correction on the way to a new peak, for some, it is evidence of the bull market's end.
