Amid ongoing digital currency price volatility, CryptoQuant CEO Ki Young Ju shares insights confirming the cryptocurrency market remains in a bull cycle.
Bitcoin Correction: Bear Market Signal or Normality?
Ki Young Ju argues that despite price drops, Bitcoin has not shed up to 30% of its all-time high, which would indicate the start of a bear market. Such a correction, he says, is normal within bull cycles.
Bitcoin Holds $89,000 Amid Active Trading
As of press time, Bitcoin's price is $89,227.80, marking a 6.85% drop in the last 24 hours. Trading volume has surged 210.90%, which many consider accumulation, despite recent volatility.
Factors Influencing Bitcoin Price in Coming Days
Analysts view the next few days as critical for Bitcoin's price direction. A positive shift could support market confidence.
Despite the current volatility, experts remain confident in the continuation of the crypto bull cycle. It's essential to monitor the situation closely and assess key developments.
