BPOI Banner
Analyst Says Coming Weeks To Be a Key Turning Point for Bitcoin, Unveils Level BTC Could Fall to in ‘Worst-Case’ Analyst Says Coming Weeks To Be a Key Turning Point for Bitcoin, Unveils Level BTC Could Fall to in ‘Worst-Case’

Analyst Says Coming Weeks To Be a Key Turning Point for Bitcoin, Unveils Level BTC Could Fall to in ‘Worst-Case’

The chief executive of market intelligence firm CryptoQuant says the next few weeks are crucial for Bitcoin (BTC), revealing what his worst-case scenario for the crypto king would look like.

In a new thread, Ki Young Ju tells his 408,700 followers on the social media platform X that he expects this cycle to be the longest bull run in history but notes that if BTC fails to hold up, it could find itself near the $77,000 level before eventually mounting a recovery.

“Based on the typical two-year cycle, the bull market should last until April 2025 – I mentioned this back in May 2024. The next month or two will be a key turning point for the BTC market. If every indicator confirms a downtrend, I’ll admit I was wrong and post about it.

But as I said earlier, I think the chances of dropping below $77,000 are low. Even in the worst case, I see a high probability of consolidating around $77,000 for a few months before moving back up.”

Source: Ki Young Ju/X

According to Ju, those panic selling the top crypto asset by market cap are losing out as large dips have been common in the past for BTC. However, he notes that this time around, BTC might take a while to recover as demand for its exchange-traded funds (ETFs) looks weak.

“If you’re panic selling now, you’re probably a noob. A 30% correction in a Bitcoin bull cycle is common – it dropped 53% in 2021 and still recovered to an ATH (all-time high). Buying when prices rise and selling when they fall is the worst investment strategy. Invest with a clear plan.”

Bitcoin is trading for $85,463 at time of writing, a 2.2% decrease during the last 24 hours.

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on X, Facebook and Telegram

Surf The Daily Hodl Mix

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstocl/gonin



Source link

Daily Hodl Staff

https://dailyhodl.com/2025/02/27/analyst-says-coming-weeks-to-be-a-key-turning-point-for-bitcoin-unveils-level-btc-could-fall-to-in-worst-case/

2025-02-27 20:55:07

bitcoin
Bitcoin (BTC) $ 84,830.73 3.98%
ethereum
Ethereum (ETH) $ 2,054.65 9.24%
xrp
XRP (XRP) $ 2.56 14.60%
tether
Tether (USDT) $ 1.00 0.02%
bnb
BNB (BNB) $ 612.00 2.46%
solana
Solana (SOL) $ 132.33 8.14%
usd-coin
USDC (USDC) $ 1.00 0.00%
cardano
Cardano (ADA) $ 0.743291 8.02%
dogecoin
Dogecoin (DOGE) $ 0.173887 6.16%
tron
TRON (TRX) $ 0.230888 3.41%
staked-ether
Lido Staked Ether (STETH) $ 2,053.83 9.19%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 84,733.70 4.06%
chainlink
Chainlink (LINK) $ 14.66 7.73%
the-open-network
Toncoin (TON) $ 3.72 4.34%
stellar
Stellar (XLM) $ 0.29516 10.91%
leo-token
LEO Token (LEO) $ 9.81 1.14%
wrapped-steth
Wrapped stETH (WSTETH) $ 2,456.05 8.75%
usds
USDS (USDS) $ 0.999846 0.06%
avalanche-2
Avalanche (AVAX) $ 19.93 7.94%
hedera-hashgraph
Hedera (HBAR) $ 0.194952 6.20%
pi-network
Pi Network (PI) $ 1.13 3.08%
sui
Sui (SUI) $ 2.42 8.30%
shiba-inu
Shiba Inu (SHIB) $ 0.000013 4.23%
litecoin
Litecoin (LTC) $ 92.28 4.65%
polkadot
Polkadot (DOT) $ 4.55 6.18%
bitcoin-cash
Bitcoin Cash (BCH) $ 340.08 2.60%
mantra-dao
MANTRA (OM) $ 6.75 1.22%
weth
WETH (WETH) $ 2,055.33 9.23%
bitget-token
Bitget Token (BGB) $ 4.75 4.33%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.04%
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00 0.11%
hyperliquid
Hyperliquid (HYPE) $ 15.05 13.67%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,182.14 9.15%
uniswap
Uniswap (UNI) $ 6.97 13.48%
whitebit
WhiteBIT Coin (WBT) $ 28.46 0.85%
monero
Monero (XMR) $ 206.25 0.25%
susds
sUSDS (SUSDS) $ 1.05 0.35%
aptos
Aptos (APT) $ 5.61 4.21%
near
NEAR Protocol (NEAR) $ 2.79 10.13%
dai
Dai (DAI) $ 1.00 0.01%
okb
OKB (OKB) $ 53.03 4.18%
pepe
Pepe (PEPE) $ 0.000007 10.59%
internet-computer
Internet Computer (ICP) $ 5.97 5.70%
gatechain-token
Gate (GT) $ 22.82 5.69%
ethereum-classic
Ethereum Classic (ETC) $ 18.32 6.13%
ondo-finance
Ondo (ONDO) $ 0.874816 6.96%
mantle
Mantle (MNT) $ 0.819892 1.39%
aave
Aave (AAVE) $ 182.37 9.29%
tokenize-xchange
Tokenize Xchange (TKX) $ 34.18 3.76%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 84,805.72 3.96%
bitcoin
Bitcoin (BTC) $ 84,830.73 3.98%
ethereum
Ethereum (ETH) $ 2,054.65 9.24%
xrp
XRP (XRP) $ 2.56 14.60%
tether
Tether (USDT) $ 1.00 0.02%
bnb
BNB (BNB) $ 612.00 2.46%
solana
Solana (SOL) $ 132.33 8.14%
usd-coin
USDC (USDC) $ 1.00 0.00%
cardano
Cardano (ADA) $ 0.743291 8.02%
dogecoin
Dogecoin (DOGE) $ 0.173887 6.16%
tron
TRON (TRX) $ 0.230888 3.41%
staked-ether
Lido Staked Ether (STETH) $ 2,053.83 9.19%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 84,733.70 4.06%
chainlink
Chainlink (LINK) $ 14.66 7.73%
the-open-network
Toncoin (TON) $ 3.72 4.34%
stellar
Stellar (XLM) $ 0.29516 10.91%
leo-token
LEO Token (LEO) $ 9.81 1.14%
wrapped-steth
Wrapped stETH (WSTETH) $ 2,456.05 8.75%
usds
USDS (USDS) $ 0.999846 0.06%
avalanche-2
Avalanche (AVAX) $ 19.93 7.94%
hedera-hashgraph
Hedera (HBAR) $ 0.194952 6.20%
pi-network
Pi Network (PI) $ 1.13 3.08%
sui
Sui (SUI) $ 2.42 8.30%
shiba-inu
Shiba Inu (SHIB) $ 0.000013 4.23%
litecoin
Litecoin (LTC) $ 92.28 4.65%
polkadot
Polkadot (DOT) $ 4.55 6.18%
bitcoin-cash
Bitcoin Cash (BCH) $ 340.08 2.60%
mantra-dao
MANTRA (OM) $ 6.75 1.22%
weth
WETH (WETH) $ 2,055.33 9.23%
bitget-token
Bitget Token (BGB) $ 4.75 4.33%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.04%
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00 0.11%
hyperliquid
Hyperliquid (HYPE) $ 15.05 13.67%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,182.14 9.15%
uniswap
Uniswap (UNI) $ 6.97 13.48%
whitebit
WhiteBIT Coin (WBT) $ 28.46 0.85%
monero
Monero (XMR) $ 206.25 0.25%
susds
sUSDS (SUSDS) $ 1.05 0.35%
aptos
Aptos (APT) $ 5.61 4.21%
near
NEAR Protocol (NEAR) $ 2.79 10.13%
dai
Dai (DAI) $ 1.00 0.01%
okb
OKB (OKB) $ 53.03 4.18%
pepe
Pepe (PEPE) $ 0.000007 10.59%
internet-computer
Internet Computer (ICP) $ 5.97 5.70%
gatechain-token
Gate (GT) $ 22.82 5.69%
ethereum-classic
Ethereum Classic (ETC) $ 18.32 6.13%
ondo-finance
Ondo (ONDO) $ 0.874816 6.96%
mantle
Mantle (MNT) $ 0.819892 1.39%
aave
Aave (AAVE) $ 182.37 9.29%
tokenize-xchange
Tokenize Xchange (TKX) $ 34.18 3.76%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 84,805.72 3.96%