CryptoQuant CEO Prediction: Bitcoin Above $45,000 May Revisit Historical Highs by Year-End
Publication Time:2024-08-06 23:11:06
According to the latest forecast from Ki Young Ju, the founder and CEO of CryptoQuant, if Bitcoin can stabilize above $45,000, there is a possibility that it may revisit its historical peak by the end of the year. Although current market indicators suggest a potential downward trend, the market still has the potential for a rebound. Therefore, investors should closely monitor whether Bitcoin can maintain around this crucial price level for one to two weeks. If the price remains at this level for an extended period, this will increase the risk of a bear market. However, if it maintains this level for more than a month, the difficulty of market recovery will significantly increase.
Bitcoin
CryptoQuant
Market Analysis
Ki Young Ju
Historical Highs