The Future of Bitcoin’s Bull Run Hangs in the Balance Below $80K
Bitcoin’s market is currently at a critical crossroads, with on-chain metrics portraying a fragile equilibrium between bullish and bearish sentiments.
The fate of Bitcoin’s trajectory hinges on this pivotal moment as it faces significant levels of resistance. According to Ki Young Ju, the CEO of CryptoQuant, the forthcoming weeks will be decisive in determining whether Bitcoin extends its historic bull run or experiences a sharp decline.
Despite his overall positive outlook on Bitcoin’s long-term performance, Ki emphasizes the necessity for additional data to solidify market trends. The recovery of demand will play a crucial role in confirming the direction of the market.