TL;DR
- CryptoQuant CEO Ki Young Ju asserts that Bitcoin could fall to $77,000 without losing its bullish cycle, reinforcing confidence in its long-term stability.
- Historically, 30% corrections have been normal in previous Bitcoin bull markets and have served as a foundation for new upward moves.
- Analysts expect a positive trend by late 2025, with a potential surge following the halving and increased institutional interest in the market.
Bitcoin has been moving sideways in recent weeks, but this hasn’t been a cause for concern among crypto analysts. Ki Young Ju, CEO of CryptoQuant, has pointed out that even with a 30% drop, Bitcoin would still be within its bull market, reinforcing confidence in its long-term growth potential. This perspective is based on historical patterns indicating that significant corrections have occurred in every bull cycle without compromising the overall trend.
Many analysts believe that such pullbacks present strategic buying opportunities for long-term investors, as they allow for accumulation at lower price levels before the next upward movement. Furthermore, on-chain data suggests that large holders, often referred to as “whales,” continue to accumulate BTC during these downturns, signaling strong confidence in future price appreciation.
30% Corrections Are Common in Bull Cycles
Historical data shows that Bitcoin has experienced multiple 30% drops in previous bull markets, only to recover even stronger. In 2017 and 2021, for instance, BTC went through similar corrections before reaching new all-time highs. This suggests that a drop to $77,000 wouldn’t be alarming but rather an opportunity to establish support before the next bullish push.
Additionally, CryptoQuant’s analysis highlights that key buying levels, such as the average acquisition price of Bitcoin ETFs in the U.S. ($89,000), have acted as support since November 2024. If BTC falls below this level, an accumulation phase could emerge, driving prices higher in the following months.
Outlook for 2025: A Bull Market Still in Progress
Another key point highlighted by experts is Bitcoin’s performance after the April 2024 halving. According to CryptoQuant analyst Timo Oinonen, the cryptocurrency has yet to experience its true post-halving rally, as it has only gained 60% since the event. Oinonen anticipates a potential correction in the coming months but foresees a strong rebound by late 2025, aligning with previous bull cycles.
Therefore, while Bitcoin may face short-term volatility, analysts remain confident in its strength. History shows that these declines are a natural part of its evolution and have often preceded the biggest price surges. With rising institutional interest and a favorable macroeconomic backdrop, BTC’s long-term outlook remains optimistic.
