CryptoQuant founder predicts Bitcoin has yet to reach a cyclical top

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2024/03/19 12:47

Mars Finance News, CryptoQuant founder Ki Young Ju published his observations and predictions on the Bitcoin market on the X platform. He believes that the current Bitcoin market is experiencing short-term overheating, but has not yet reached a cyclical top. Additionally, retail investors have not yet fully entered the market and ETF demand needs to be monitored. The market is still in the process of correction. If the price of hot currency retraces up to 30%, it will approach US$51,000, and the average entry price of new whales (ETF buyers) is US$56,000.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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