CryptoQuant CEO Ki Young Ju took to X, expressing how Bitcoin’s current recovery might pan out in the coming days.
He writes, “After I said the bull cycle was over, Bitcoin dropped 10%—but now it’s 10% above where it was when I made that call.”
Ki Young Ju adds, “I still think we’re moving within a wide range. If it breaks above $100K, I’ll gladly admit I was wrong. Until then, I’m keeping an eye on the data for a few more weeks to see if this is truly a trend reversal.”
The prediction comes as Bitcoin is trading at $93,784.53, up 5.37% as compared to the same time last day.
Ki Young Ju Ready To Give Up Cycle Theory?
Time and again, Ki Young Ju has relied on cycle theory before giving comments on how Bitcoin price might fare.
He says, “My focus is on long-term supply and demand using on-chain data. But in a market that reacts to every Trump comment, short-term price actions are much more event-driven, which makes them harder to analyze with cyclical on-chain indicators. Of course, even among on-chain analysts, interpretations of the data can differ.”
“If Bitcoin hits new ATH before Q4, I’m ready to throw out the cycle theory. A market without clear cycles could look very different from what we’ve experienced. In that case, the permabulls were right. Up only,” he adds.
Also Read: CryptoQuant CEO: “Bitcoin’s Slow Market Likely to Persist Until U.S. Sentiment Shifts.”
CryptoQuant CEO’s Comments Comes as Bitcoin Trades Up 10%
Bitcoin (BTC) is currently trading for over $93,692 as of April 23, 2025, a notable increase of more than 5% from the day before.
Higher institutional interest and upbeat market mood propelled the Bitcoin to an intraday high of $94,336.
An increase in open interest for Bitcoin futures, a sign of rising investor confidence, supports this bullish momentum.
Technical indicators, such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD), predict ongoing rising trend. However, if the market gets closer to important resistance levels around $94,000, traders should continue to be wary of any volatility.
Can Bitcoin Continue Rising?
As of April 23, 2025, Bitcoin is trading around $93,692, with varied predictions for its future price. In the short term, it is expected to rise slightly to around $94,124.
By the end of 2025, conservative forecasts place Bitcoin at approximately $97,257, assuming steady growth. More optimistic projections range from $125,000 to $138,500, driven by institutional adoption and macroeconomic trends.
Some aggressive predictions even suggest prices could reach $180,000 or higher, based on historical market cycles and momentum. However, due to Bitcoin’s high volatility, these predictions should be viewed with caution, and investors are advised to consider broader market factors.
Also Read: CryptoQuant CEO Ki Young Ju Claims Crypto Market Is Becoming a ‘Weapon of the United States’