Bitcoin, facing the risk of falling to critical price levels while retesting important resistance zones indicating a potential downside within the ongoing bull market.
The long-lasting downward trend, the short-lived nature of the recoveries, and the failure of the expected permanent recovery to come have led to the phrase "Bull is over, bear market has arrived" being coined.
"Bull Run in Bitcoin is Over!"
At this point, while some analysts predict that the correction is normal and the bull rally will begin, CryptoQuant CEO Ki Young Ju claimed that the Bitcoin bull cycle has ended according to on-chain indicators.
At this point, Ju expects the BTC price to follow a downward or sideways trend for 6-12 months.
In early February, Ju, who had previously said that the Bitcoin bull cycle would slow down but is still "strong", is now warning investors against the bear market.
As fresh liquidity runs out, a prominent CEO noted that new whales are selling Bitcoin at lower prices, indicating bear market signals from on-chain metrics such as MVRV, SOPR, and NUPL.
"The Bitcoin bull cycle has ended, a decline or sideways price movement is expected for the next 6-12 months."
"No Need to Panic, Rise Will Happen!"
Although CryptoQuant CEO claims that the bull run in Bitcoin is over, other analysts are not as pessimistic. Swyftx chief analyst Pav Hundal said there is no reason to panic.
Hundal stated that investors are afraid of President Donald Trump's customs duties, saying "When the market is ready to take risks, money will flow into risky assets."
Some analysts also think that Bitcoin may enter an uptrend again considering that global M2 money supply has reached new highs. At this point, crypto analyst Seth said, "Global Money Supply made a new ATH. We will see Bitcoin rise again."
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CryptoQuant CEO said "Bull Run is Over" in Bitcoin, and then revealed what they are expecting next!
Bitcoin, facing the risk of falling to critical price levels while retesting important resistance zones indicating a potential downside within the ongoing bull market.
The long-lasting downward trend, the short-lived nature of the recoveries, and the failure of the expected permanent recovery to come have led to the phrase "Bull is over, bear market has arrived" being coined.
"Bull Run in Bitcoin is Over!"
At this point, while some analysts predict that the correction is normal and the bull rally will begin, CryptoQuant CEO Ki Young Ju claimed that the Bitcoin bull cycle has ended according to on-chain indicators.
At this point, Ju expects the BTC price to follow a downward or sideways trend for 6-12 months.
In early February, Ju, who had previously said that the Bitcoin bull cycle would slow down but is still "strong", is now warning investors against the bear market.
As fresh liquidity runs out, a prominent CEO noted that new whales are selling Bitcoin at lower prices, indicating bear market signals from on-chain metrics such as MVRV, SOPR, and NUPL.
"No Need to Panic, Rise Will Happen!"
Although CryptoQuant CEO claims that the bull run in Bitcoin is over, other analysts are not as pessimistic. Swyftx chief analyst Pav Hundal said there is no reason to panic.
Hundal stated that investors are afraid of President Donald Trump's customs duties, saying "When the market is ready to take risks, money will flow into risky assets."
Some analysts also think that Bitcoin may enter an uptrend again considering that global M2 money supply has reached new highs. At this point, crypto analyst Seth said, "Global Money Supply made a new ATH. We will see Bitcoin rise again."