CryptoQuant Founder: “Bitcoin (BTC) is Predicted to Rise!”, Here’s the Analysis!

Jakarta, Pintu News – The cryptocurrency market continues to experience unpredictable dynamics. Although Bitcoin (BTC) experienced a significant price drop recently, CryptoQuant founder Ki Young Ju sees potential for future price increases based on on-chain data analysis.

Check out the full news below!

CryptoQuant Founder Optimistic about the Future of Bitcoin (BTC)

Despite Bitcoin’s (BTC) price recently dropping to $85,000, a 10% decline from its highest value, Ki Young Ju remains optimistic about its long-term prospects. His analysis shows that increased investment in network security and an increasing number of miners are strong indicators for a potential price increase.

According to Ju, the ever-increasing hash rate, which recently reached a record high of 936.64 EH/s, shows a positive relationship between Bitcoin (BTC) price, hash rate, and the number of miners securing the network.

According to Ju, investment in the Bitcoin (BTC) network has never stopped over the past 16 years. Despite the price correction, the number of mining rigs continues approaching the 5 million mark. Investors, however, remain wary of the charts in search of signs of a plateau that would trigger a mass sell-off.

Also read: Last Chance for Pioneers Pi Network, Grace Period Extended to March 14, 2025!

Price Drop Brings Pessimism among Investors

Although the rising hash rate indicates a positive sentiment, recent events paint a bleak picture for investors. Reports of the expiration of 59,000 Bitcoin (BTC) options with a value of $4.68 billion have raised doubts about a possible recovery in the asset’s price in the near future.

Moreover, the outflow of funds from Bitcoin ETFs reached $3.5 billion in February, and analysts are still unsure whether March will change the trend. On the other hand, some stubborn investors are still trying to capitalize on the situation by buying when the price drops, hoping that a series of positive announcements from the White House will trigger a price increase.

Also read: White House Crypto Summit Scheduled for March 7, 2025, What Will Be Discussed?

Bitcoin (BTC)’s Long-Term Outlook Is Still Bright

Despite short-term challenges, the long-term outlook for Bitcoin (BTC) remains bright. The continuous increase in the hash rate and the number of miners shows that the network is becoming increasingly robust and more resistant to attacks.

This and continued investment in network infrastructure suggest that Bitcoin (BTC) still has plenty of room to grow. CryptoQuant founder Ki Young Ju emphasized that the key to Bitcoin’s (BTC) stability and growth is the ever-increasing adoption and innovation in blockchain technology.

With more entities and individuals recognizing Bitcoin (BTC) ‘s potential as an asset and technology, the future seems bright despite the current market volatility.

Conclusion

Considering all these factors, despite some short-term headwinds, an in-depth analysis of on-chain data and industry trends shows that Bitcoin (BTC) still has significant potential for future growth.

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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 and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Coingape. CryptoQuant Founder Says Bitcoin Price Will Continue to Climb, Here’s Why. Accessed on March 4, 2025
• Featured Image: Generated by AI