Bitcoin Price Forecast: Is the Bull Market Finished? Insights from CryptoQuant

Bitcoin Price Forecast- Insights from CryptoQuant CEO Ki Young Ju

Bitcoin Price Forecast– CryptoQuant’s CEO, Ki Young Ju, recently stated that Bitcoin’s bullish market may have come to an end, reversing his previous stance earlier this month. Ju now predicts that Bitcoin could experience 6 to 12 months of either bearish or sideways price action. This marks a sharp contrast to his March 4 statement, where he believed the Bitcoin bull cycle remained intact but would proceed slowly.

Ju cited Bitcoin’s on-chain metrics, which he believes signal a bear market. He explained that with liquidity drying up and new whales selling Bitcoin at lower prices, the market is showing signs of weakness. He emphasized that Bitcoin’s price action is trending bearish due to these factors. Additionally, Bitcoin funding rates, which indicate the cost of holding positions, have been hovering near 0%, reflecting trader indecisiveness.

Alternative Perspectives: Some Analysts Remain Optimistic

Despite Ju’s bearish outlook, other analysts remain more optimistic. Swyftx lead analyst Pav Hundal downplayed concerns, stating there’s no reason to panic. He highlighted that global economic trends are pointing in the right direction, with money moving toward riskier assets when the market is ready.

Crypto analyst Seth is also optimistic, pointing out that the global M2 money supply has hit new highs, which may trigger an upward trend for Bitcoin. Similarly, CoinRoutes CEO Dave Weisberger predicts Bitcoin could reach new all-time highs by late April if its correlation to money supply continues.

Despite current market fluctuations, some experts, like former Phunware CEO Alan Knitowski, suggest that Bitcoin’s price is well below its historical range. Knitowski estimates that Bitcoin’s lower bound should be around $250,000, implying significant potential for future price increases. Swan Bitcoin CEO Cory Klippsten has also predicted a more than 50% chance of Bitcoin reaching all-time highs by the end of June 2025.

As Bitcoin continues to navigate through uncertain market conditions, the future remains highly debated among analysts, with opinions divided between those predicting further declines and others expecting a major rally.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.