- CryptoQuant CEO Ki Young Ju has reversed his previous bullish stance, now predicting 6-12 months of bearish or sideways Bitcoin Price action.
- Bitcoin is currently trading at $83,030, down 14.79% over the past month, with on-chain metrics indicating bearish signals.
- Contrary opinions from other analysts suggest Bitcoin could reach new all-time highs based on increasing global money supply.
CryptoQuant CEO Ki Young Ju has dramatically shifted his Bitcoin market outlook, now declaring the bull cycle over after previously maintaining it was intact earlier this month. His revised prediction comes as Bitcoin trades at $83,030, reflecting a nearly 15% decline in value over the past 30 days.
"Bitcoin bull cycle is over, expecting 6-12 months of bearish or sideways price action," Ju said in a March 17 post on X. This represents a complete reversal from his March 4 position when he stated the bull cycle would remain slow but was "still intact."
According to Ju, all Bitcoin on-chain metrics currently signal bear market conditions. "With fresh liquidity drying up, new whales are selling Bitcoin at lower prices," he explained. This analysis aligns with recent data showing Bitcoin funding rates hovering near 0%, indicating significant trader indecision.
Mixed Market Perspectives
Not all market observers share Ju’s bearish outlook. Swyftx lead analyst Pav Hundal told Cointelegraph that "there is no reason to panic." Hundal attributed current investor concerns to President Trump’s tariff policies but maintained that "all the numbers show a global economy that is pointing in the right direction."
Some analysts remain optimistic based on macroeconomic indicators. Crypto analyst Seth said on X that "Global Money Supply just made another new ATH. We are about to see Bitcoin rally again." Similarly, CoinRoutes CEO Dave Weisberger said that Bitcoin could reach new all-time highs by late April if its correlation to money supply holds.
Former Phunware CEO Alan Knitowski presented a different perspective, suggesting Bitcoin’s current price is significantly undervalued. "At this stage of the cycle, the lower bound of the historical range should be around $250,000," he noted, implying Bitcoin is trading 67% below where historical patterns would place it.
Swan Bitcoin CEO Cory Klippsten recently expressed optimism to Cointelegraph, stating there’s "more than a 50% chance we will see all-time highs before the end of June this year." Bitcoin’s current all-time high of $109,000 was achieved on January 20.
Bitcoin’s price movement in the coming months may largely depend on whether global liquidity continues to increase and whether market participants regain confidence to move into risk-on assets like cryptocurrencies. With analysts holding contrasting views, investors face a challenging environment requiring careful analysis of multiple indicators.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
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