Bitcoin Bull Market Returns, Says Crypto Expert
12.08.2024 14:00 2 min. read
CryptoQuant's CEO, Ki Young Ju, has indicated that on-chain data suggests a resurgence of the Bitcoin (BTC) bull market.
Ju stated that CryptoQuant’s Bitcoin bull-bear market cycle indicator, which monitors investor sentiment phases, has returned to bullish territory after a brief dip into bearish conditions.
Most #Bitcoin on-chain cyclical indicators that were hovering near the borderline have now shifted back to signaling a bull market. BTC was discounted for only three days. https://t.co/L7FAQVYIMP pic.twitter.com/K65U8DV8gy
— Ki Young Ju (@ki_young_ju) August 9, 2024
Most Bitcoin on-chain cyclical indicators that were hovering near the borderline have now shifted back to signaling a bull market. BTC was discounted for only three days.
Ju believes that the bull market remains intact based on this data. However, he notes that if the market doesn’t recover in the next two weeks, he may have to reassess his stance.
Following smart money trends, Ju suggests that if he is wrong, it means the new whales are either misguided or have underestimated the macro environment.
Recently, Ju highlighted that 404,448 Bitcoin had been transferred to permanent holder addresses over a 30-day period, indicating strong accumulation.
He predicts that within a year, some entities—be it TradFi institutions, companies, governments, or others—will announce that they’ve acquired Bitcoin in Q3 2024. Retail investors, he believes, will regret not buying it due to concerns over issues like the German government selling, Mt. Gox, or other macroeconomic factors.
-
1
Crypto Expert Predicts Massive Bitcoin Rally to $300,000
17.02.2025 15:00 1 min. read -
2
Bitcoin’s Bull Run Intact? Analyst Says Bear Market Unlikely
20.02.2025 12:24 1 min. read -
3
Is Bitcoin’s Price Being Held Back Despite Institutional Demand?
19.02.2025 15:00 1 min. read -
4
Crypto Bull Run Could Extend Into 2026, Says Ex-Goldman Sachs Exec
03.03.2025 9:00 3 min. read -
5
Trump Declares Bitcoin and Ethereum Key to America’s Crypto Strategy
02.03.2025 18:48 1 min. read
Top Spanish Bank Launches Bitcoin and Ethereum Trading Services
BBVA has made a significant move into the cryptocurrency space, gaining approval from Spain’s securities regulator, CNMV, to offer Bitcoin and Ether trading.
Bitcoin Could Become Wall Street’s Most Traded Asset, According to Tom Lee
Fundstrat’s Tom Lee believes Bitcoin could emerge as Wall Street’s most lucrative asset as the U.S. moves toward recognizing BTC as part of its financial reserves.
Bitcoin Adoption Still in Early Stages, With U.S. Leading the Way
Despite Bitcoin’s growing presence in financial markets, global adoption remains relatively low, with only 4% of the world’s population holding BTC.
Michael Saylor Proposes U.S. Government Acquire 25% of Bitcoin’s Supply Over Next Decade
Michael Saylor, the founder of Strategy, has put forward an ambitious plan for the U.S. government to secure up to 25% of Bitcoin’s total supply over the next decade.
-
1
Crypto Expert Predicts Massive Bitcoin Rally to $300,000
17.02.2025 15:00 1 min. read -
2
Bitcoin’s Bull Run Intact? Analyst Says Bear Market Unlikely
20.02.2025 12:24 1 min. read -
3
Is Bitcoin’s Price Being Held Back Despite Institutional Demand?
19.02.2025 15:00 1 min. read -
4
Crypto Bull Run Could Extend Into 2026, Says Ex-Goldman Sachs Exec
03.03.2025 9:00 3 min. read -
5
Trump Declares Bitcoin and Ethereum Key to America’s Crypto Strategy
02.03.2025 18:48 1 min. read
