Diverse opinions among crypto-experts raise questions about the state of the Bitcoin market. A report on the current situation and leading analysts' forecasts.
CEO CryptoQuant's Changed Stance
CryptoQuant's founder and CEO Ki Young Ju stated that the Bitcoin bull run might be over, and the market could experience a bearish trend for the next 6-12 months. He based this judgment on an analysis of Bitcoin's on-chain metrics, which indicate a bear market.
Opinions of Other Analysts
Some analysts are not as pessimistic. Swyftx's lead analyst Pav Hundal believes there is no reason to panic, as data points to a stabilizing global economy. Meanwhile, analyst Seth predicts a new Bitcoin rally, highlighting the growth of the global money supply.
Future Projections and Current Data
According to CoinMarketCap, Bitcoin is currently trading at $83,030, down 14.79% from the previous month. Other experts, such as CoinRoutes CEO Dave Weisberger, believe the historical trend might lead Bitcoin to new all-time highs by April.
Despite current price fluctuations and differing forecasts, the Bitcoin market remains a focal point for both professional analysts and private investors.
