Bitcoin (BTC) trend not over yet? CryptoQuant CEO Analyzes!

Jakarta, Pintu News – Bitcoin BTC->Current BTC PriceRp 0Market CapRp 0Trading VolumeRp 0Circulating SupplyRp 0 continues to take center stage in the cryptocurrency market, with various speculations as to whether its bullish trend is coming to an end. However, CryptoQuant CEO Ki Young Ju believes that the current market conditions show no signs of entering a bear market. He even projects that the upward trend in Bitcoin price will continue for some time to come.

Bitcoin’s Longest Bullish Trend in History Projected

Ki Young Ju predicts that Bitcoin will experience a long price increase, which could even last until 2025. Currently, the on-chain indicators are at the boundary between bullish and bearish trends, but according to him, the chances for a continuation of the bull run remain high.

In his analysis, Ju referred to Bitcoin’s biennial cycle that has occurred before. Based on this pattern, he estimates that the upward price trend could last until April 2025. If his prediction is accurate, this could be the longest bull run period in Bitcoin’s history, potentially taking the price to new highs.

However, he also acknowledged the possibility of errors in his projections. To ascertain the direction of the market, he suggested that market participants should pay attention to the demand for these crypto assets, especially after the outflow of institutional funds from exchange-traded fund (ETF) products.

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Worst Price Limit at Rp1.25 Billion

According to Ju, despite Bitcoin’s recent price drop, he believes that the asset will not drop below the $77,000 level. Even in the worst-case scenario, he expects Bitcoin to only consolidate around that price before rising again.

Currently, Bitcoin is trading at around $85,000 or around Rp1.38 billion after experiencing a 20% decline in the past week. This decline was triggered by various factors, including global economic uncertainty and a potential tariff war between major countries.

In the face of this volatility, Ju reminds traders not to trade with high leverage recklessly. According to him, caution is the best course of action in the face of volatile market conditions.

Big Investors Remain Optimistic about Bitcoin

Optimism for Bitcoin comes not only from market analysts, but also from big investors such as Robert Kiyosaki, author of the famous book Rich Dad Poor Dad. In a statement, Kiyosaki emphasized that he will still buy Bitcoin even though the price is declining.

Kiyosaki is a known critic of the traditional financial system and often refers to fiat money as “fake money.” He has stated that he prefers to exchange fiat money for assets such as gold, silver, and Bitcoin whenever prices experience a correction.

According to him, Bitcoin has great potential as a hedge against global economic instability and inflation. This further strengthens the belief that cryptocurrencies, especially Bitcoin, still have a bright future amid market uncertainty.

Conclusion

Despite significant fluctuations in Bitcoin price in recent times, CryptoQuant CEO Ki Young Ju remains optimistic that the bull run will continue until 2025. With analysis based on historical patterns and on-chain indicators, he projects that Bitcoin will not fall below Rp1.25 billion in a worst-case scenario.

Support for Bitcoin has also come from major investors such as Robert Kiyosaki, who continues to believe in the asset’s potential as a hedge against global economic uncertainty. Thus, despite high volatility, optimism towards cryptocurrencies, especially Bitcoin, remains strong among analysts and investors.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Aliyu Pokima / Coingape. CryptoQuant CEO Explains Why The Bitcoin Bull Run Is Not Over. Accessed February 28, 2025.
• Featured Image: Generated by AI