CryptoQuant CEO: BTC is already at the bull-bear boundary, but the possibility of falling below $77,000 is low

2025-02-27 14:34:54

Abstract generation in progress

Odaily Planet Daily News According to Ki Young Ju, co-founder and CEO of CryptoQuant, in a post on the X platform, the BTCon-chain indicator shows that the market is currently at the bull-bear boundary. It was previously expected to be the longest Bull Market in history, but it may be wrong. The market needs at least a month of data to confirm whether it is entering a Bear Market if demand does not recover, the indicator may fully indicate a downward trend. According to the typical two-year cycle, the Bull Market should continue until April 2025, so the next one or two months will be a key turning point for the BTC market. If every indicator confirms a downward trend, it will be acknowledged that the previous judgment was wrong, but it is still believed that the possibility of falling below $77,000 is very low.

BTC-0.32%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.