TL;DR
- Ki Young Ju, CEO of CryptoQuant, predicts that Bitcoin’s current bull cycle could be the longest in its history, driven by new liquidity sources.
- Influencer Lark Davis and other analysts share an optimistic view but also warn of the risks of falling into the supercycle trap.
- DaanCrypto highlights that Bitcoin’s price discovery process has just begun, while Arthur Hayes forecasts a correction might come in 2025.
CryptoQuant’s CEO, Ki Young Ju, has generated significant excitement in the crypto community by declaring that Bitcoin’s current bull cycle could become the longest in its history. According to Ju, a new wave of liquidity is fueling the market’s growth, which could allow Bitcoin’s price (BTC) to continue rising for an extended period.
Bitcoin’s recent surge, which reached $100,000 for the first time in a long while, has boosted market expectations. Currently, the total cryptocurrency market capitalization exceeds $3.6 trillion, indicating a notable recovery after past ups and downs. The main driver of this growth, according to Ju, is the entry of new liquidity sources, pushing the price to new heights.
Ki Young Ju and His Bullish Forecast
“This bull cycle could be the longest of them all. New liquidity sources are injecting momentum into the market, and many more are yet to be unlocked“,
said Ki Young Ju in a recent post.
The optimism generated by Ju has been supported by other analysts and figures within the crypto community, who believe Bitcoin’s market still has a lot to offer.
However, not everything is a promise of endless gains. Despite the observed growth, caution is key, as pointed out by influential figure Lark Davis. According to him, the next phase of the cycle could bring significant profits, but he also advises not to fall into the supercycle trap, which has led to many losses in the past.
DaanCrypto and the Future of Bitcoin
With Bitcoin approaching $102,000 again, the analysis from DaanCrypto, another market expert, reveals that Bitcoin’s price discovery process has just begun.
According to DaanCrypto, this is only the start of a phase that could take Bitcoin to new all-time highs, potentially reshaping the entire cryptocurrency landscape significantly.
However, not everyone shares the same vision of continuous and indefinite growth. Arthur Hayes, co-founder of BitMEX, has a more moderate outlook, noting that the bull cycle could peak around March 2025, followed by a significant correction.
The outlook remains uncertain, but what is clear is that the coming months could be crucial for Bitcoin’s future and the broader cryptocurrency market.
