Bitcoin’s Rally Recalibrates the Bull Market Narrative: Is a New High Coming?

Recent price surges of Bitcoin have sparked debate about whether its bull market is still in effect, or if this surge represents merely a false recovery before another downward trend. CryptoQuant CEO Ki Young Ju, who previously predicted the cycle had peaked, admits his prediction may need revising after recent price rebounds. 10% higher than when he made his call. However, he remains cautious, acknowledging Bitcoin’s range-bound nature. He only acknowledges that a decisive break above $100,000 could force him to reconsider his assessment.