Parabolic

Bull Market

Rise

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/cryptoquant-ceo-predicts-bitcoins-price-rise-in-current-bull-market-3/" data-wpel-link="internal" rel="noopener noreferrer nofollow">CryptoQuant CEO Predicts Bitcoin’s Price Rise in Current Bull Market</a><br></p>
<p style="text-align: justify;">The current bull market for Bitcoin (BTC) is believed to be in its early stages. Ki Young Ju, founder and CEO of the <a href="https://en.coin-turk.com/a-popular-analyst-shares-predictions-for-bitcoin-and-altcoins-including-dydx-and-coti/" data-wpel-link="internal" rel="noopener noreferrer nofollow">crypto</a> analysis platform CryptoQuant, shared this perspective through his social media account. According to data based on the price discovery phases of the bull markets in 2017 and 2020, the price increase for Bitcoin is still in its nascent stage.</p>
<h2 style="text-align: justify;" id="strong-bitcoin-in-a-parabolic-price-discovery-phase-strong"><strong>Bitcoin in a Parabolic Price Discovery Phase</strong></h2>
<p style="text-align: justify;">Ju detailed past bull market trends in his social media post. He emphasized that price movements in 2017 and 2020 followed a similar pattern. Based on this data, he expressed a strong likelihood of Bitcoin reaching higher levels in the future, stating, “Bitcoin’s parabolic bull scenario is still in the price discovery process,” directing attention to the current market conditions.</p>
<figure id="attachment_409078" class="wp-caption aligncenter" style="width: 100%;" aria-describedby="caption-attachment-409078"><img fetchpriority="high" decoding="async" class="size-full wp-image-409078" src="https://coin-turk.com/wp-content/uploads/2024/11/Bitcoin-scaled.jpeg" alt="" width="2560" height="1393">
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  Bitcoin
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<p style="text-align: justify;">According to CryptoQuant’s CEO, Bitcoin has not yet reached the peak levels of previous cycles. This indicates that the current price levels hold potential for future increases.</p>
<h2 style="text-align: justify;" id="strong-opportunities-continue-in-the-crypto-market-strong"><strong>Opportunities Continue in the Crypto Market</strong></h2>
<p style="text-align: justify;">Ju’s comments signal opportunities for long-term investors in the market. The analyses reveal that Bitcoin’s current price movement is still in a discovery process before reaching its peak. Notably, the market is in the early stages of the current bull cycle, providing avenues for investors to capitalize on.</p>
<p style="text-align: justify;">These predictions regarding Bitcoin’s price movements offer hope for investors about future price increases. However, Ju’s graphs and analyses remind that the market always carries risks. Therefore, it is essential for investors to develop cautious investment strategies.</p>
<p>The post <a href="https://en.coin-turk.com/cryptoquant-ceo-predicts-bitcoins-price-rise-in-current-bull-market-3/" data-wpel-link="internal" rel="noopener noreferrer nofollow">CryptoQuant CEO Predicts Bitcoin’s Price Rise in Current Bull Market</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

CryptoQuant CEO Predicts Bitcoin’s Price Rise in Current Bull Market

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