As prices continue to falter, speculation of the Bitcoin bull run coming to an end has gathered steam. However, Cryptoquant CEO Ki Young Ju argues that claims of a bear market are unlikely given current conditions, projecting a future price spurt.
Predicting The Longest Bitcoin Bull Run In History
Ki Young Ju, in an X post, theorized that Bitcoin (BTC) will see an extensive price rally that could last till 2025. Currently, on-chain indicators are straddling the “bull-bear boundary” but Ju says a Bitcoin bull run is more than likely.
The Cryptoquant CEO hinges his claims on Bitcoin’s historic two-year cycles, arguing that April 2025 is a tentative end date. If his predictions are correct, the asset, the top cryptocurrency will record the longest Bitcoin bull run in history, sending prices to new highs.
“I expect this to be the longest bull run in history, but I could be wrong,” said Ju.
While the tell-tale signs of a Bitcoin bull run are sparse, Ju says that the next month will provide confirmation for market direction. Ju argues that a key metric to watch for is asset demand in the wake of institutional outflows from exchange-traded funds (ETF).
A Worst Case Scenario Will Be The $77K Mark
According to Ju, BTC’s recent decline will not see it slip below $77,000 with the worst-case scenario being a long term consolidation at that level. BTC currently trades at $85,000, losing 20% in a week marred by outflows and black swan events.
“Even in the worst case, I see a high probability of consolidating around 77K for a few months before moving back up,” said Ju
Ju ended his predictions with a warning against leveraged directional bets, urging traders to approach with caution.
Robert Kiyosaki Buys BTC Amid Price Slump
Rich Dad Poor Dad author Robert Kiyosaki has confirmed his intention to continue stacking BTC following a dip in prices. Kiyosaki expressed a lack of faith in the traditional monetary system while poking holes in US bonds and its debt profile.
The author described fiat as “fake money” while hinting at a resurgence for a Bitcoin bull run in the future.
“I’ll trade fake money for gold, silver, and Bitcoin anytime they go on sale,” said Kiyosaki.
The post Cryptoquant CEO Explains Why The Bitcoin Bull Run Is Not Over appeared first on CoinGape.
