The main head of Cryptoquant says that the Bitcoin bull market may end – changing his position from the previous month in which he said that the Bitcoin bull cycle would be leisurely, but “is still intact.”
“The Bitcoins cycle is over, expecting 6-12 months of price or lateral action”, founder and general director of Cryptoquant Ki Teenage Ju he said In the post of March 17.
All signals are currently bear, he says
He said that all onchain Bitcoin (BTC) indicators point to bears. “After the fresh liquidity dries, new whales sell bitcoins at lower prices,” he said.
It is just a few days after Cointelegraph informed that the Bitcoin financing rates that reflect the costs of maintaining long or low positions in the Futures in cryptovais, rise nearly 0%, which indicates an raise in the indecision of traders.
The claim is already clearly contrasting with his post of March 4, in which he said that the Bitcoin bull cycle would remain leisurely, but “is still intact”, indicating neutral readings on key indicators.
“The basics remain strong, and more mining platforms appear online,” he said In the post of March 4, X.
Other analysts are not so bear. Svyftx analyst, Pav Hundal, told Cointelegraph that “there is no reason for panic.”
Hundal explained that while investors are “terrified” by the tariffs of US President Donald Trump, “all numbers show a global economy that indicates in the right direction.”
“The money will go to risk assets when the market is ready at risk.”
At the time of publication, Bitcoin trads USD 83,030, which is a 14.79% decrease in the last month, According to For Coinmarketcap data.
Bitcoin has fallen by 14.89% over the past month. Source: Coinmarketcap
Some analysts believe that considering that the global money supply of M2 has just reached up-to-date ups, Bitcoin can be set back.
“I say that the global money supply has just organized another new ATH. he said In the last post of X.
Similarly, Coinroutes, Direm, Dave Weisberger, said that if the historical trend persists, Bitcoin can reach the highest levels at the end of April.
“Expect Bitcoin to hit a up-to-date ATH in a month, if it is beta correlation with cash supply,” Weisberger he said In the post of March 17.
Related: The price of bitcoins is not parabolic when the American dollar index (DXY) falls – why?
However, based on historical data, the current Bitcoin price is 67% lower than the lower limit, according to the former general director of Phunware, Alan Knitowski.
“At this stage of the cycle, the lower historical limit should be around USD 250,000”, Knitowski he said In the post of March 17.
Source: Alan Knitowski
Cory Klippsten, CEO of Swan Bitcoin, recently said CointeLgraph that “there are more than 50% chance that we will see the highest levels before the end of June this year.” The current highest level of all -time Bitcoin in the amount of USD 109,000 was achieved on January 20, just a few hours before the inauguration of Trump as the US president.
Warehouse: Cryptographic fans are obsessed with longevity and biohacking: Here’s why
This article does not contain investment advice or recommendations. Each investment and commercial movement involves risk, and readers should conduct their own research when making decisions.
