Key takeout
- The Bitcoin on-chain indicator is on the boundary of the Bullbear and requires more data to check trends.
- Ki Young Ju predicts that the bull market will be extended until April 2025 despite current uncertainty.
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Cryptoquant CEO Ki Young Ju warned today that the Bitcoin on-chain indicator is hovering at the boundary of the Bullbear, and that next month or two will be a key turning point for the BTC market.
#bitcoin The on-chain indicator is located at the boundary of the bull bear.
I think this will be the longest bull run in history, but I could be wrong. You will need at least another data to see if you are entering the bear market. If demand does not recover, the indicator may signal completely… https://t.co/qkazx7wmat pic.twitter.com/4ihbuitw4o
– ki youngju (@ki_young_ju) February 27, 2025
“If all the indicators check the cave, I'll admit that I was wrong and posted about it,” Ju added. “In the worst case scenario, I think it's likely that we'll consolidate about $77,000 for a few months before backing up.”
Ju also warned against excessive leverage, saying, “I don't think that directional bets leveraged long or short is a good move right now.
The CEO of the Crypto Analytics company predicted that the bull market could be extended until April 2025, based on a typical two-year cycle.
Bitcoin traded at $84,400 today, down 2.4% since the end of yesterday.
Institutional sentiment has shifted recently, with Bitcoin ETFs seeing a $1.1 billion leak in a day.
This price movement comes amidst rising tariff threats and growing inflation concerns, increasing risk aversion for investors.
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