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BTC The bear market cycle of Bitcoin may have come to an end, and its future price trends are expected to become clearer in the next 12 to 24 months.
As the leader in the cryptocurrency market, Bitcoin has experienced significant price fluctuations recently. Although its price has been fluctuating between $81,000 and $84,000, there are rumors that the bear market phase for Bitcoin may have ended.
Ki Young Ju, CEO of CryptoQuant, shared his views on the X platform (formerly Twitter), stating clearly that the bear market cycle for Bitcoin has concluded. He expects that in the next 12 to 24 months, Bitcoin’s price will show an upward trend or remain relatively stable.
Is the market entering an upward phase or a consolidation period?
Ju’s assessment suggests that the market may no longer continue with the previous downward trend, but instead could enter an upward channel or consolidation phase. This statement once again puts Bitcoin’s medium-to-long-term price expectations at the center of attention. In the context of the current market cycle, Ju’s views are considered a significant prediction that deserves attention.
However, it is worth noting that CryptoQuant’s CEO did not set specific price targets for Bitcoin in his post. Therefore, this assessment is not a guarantee of a rise in Bitcoin prices, but rather a prediction of the market’s potential direction. Given the influence of geopolitical developments, uncertainties, and macroeconomic data that affect the cryptocurrency market and prices, there is still a possibility of price fluctuations.
