Do not expect the Bitcoin Bear market this year, according to the CEO of Cryptoquant – Here is the reason
Historical patterns indicate that Bitcoin (BTC) will not enter the bear market this year, according to Ki Young Ju, CEO of Cryptoquant Digital Analysis Company.
In a new post on the social media platform X, Young Joe outline Current price dynamics in BTC.
Bitcoin cost at $ 95,000:
• Governor of the Investment Funds circulating/Nursery Governor: $ 89,000
• Binance traders: $ 59,000
• Mining companies: $ 57,000 – less than this level decreased in the previous decline (May 2022, March 2020, November 2018) confirmed the bear market.
• Old whales: $ 25,000 – it was not violated historically. “
CEO Cryptoquant also Notes The basis for the cost of BTC Microstrategy is currently $ 65,033. The company owns Bitcoin worth $ 45.91 billion at the time of writing this report, and it is the largest BTC Ministry in the world, according to Bitcointreasuries.net.
Young Jo He says Bitcoin’s pricing range “looks wide” in 2025, but it is not believed to be officially turned into the bear market.
“I personally think the bull cycle can continue even with a decline of -30 % from the highest level ever (for example, $ 110,000? 77,000 dollars), as it appears in the previous sessions.”
BTC is trading at $ 95,930 at the time of this report. The highest classified encryption assets have increased by the maximum market by more than 2 % over the past 24 hours, but more than 1 % decreased last week.
Bitcoin also decreased by approximately 12 % from its highest level ever at 108,786 dollars, which was set on January 20.
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