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- CryptoQuant CEO Ki Young Ju believes Bitcoin will not enter a bear market in 2025, even with a 30% correction from its peak.
- Institutional adoption and ETF inflows support Bitcoin’s ongoing bull cycle, while altcoin strength hints at a potential shift in market dynamics.
The crypto market has continued to attract attention this year, especially with the debate over whether Bitcoin will enter a bearish phase or remain in a bullish cycle.
The CEO of CryptoQuant Ki Young Ju sees somewhat optimistically. According to him, although there is a possibility of a fall of up to 30% from the all-time high (ATH), it does not necessarily imply the end of the existing bullish trend. What then do others believe?
Bitcoin Can Remain Bullish Despite Corrections
Ki Young Ju underlined that in prior cycles, Bitcoin stayed in an uptrend while facing quite a steep downturn. If Bitcoin hit an ATH of $110,000 and then dropped to $77,000, for instance, it would still fit the historical trend. In other words, a severe correction is not a clear warning that the market will fully turn direction.
Support for this view also comes from several other factors, such as the increasing institutional interest in Bitcoin. The price of this digital asset has increased thanks to capital inflows from funds under management by big companies such Bitcoin ETFs.
Early Indications for Altcoin Season?
On the other hand, CNF previously reported that multiple factors point to the possible appearance of an altcoin season. The altcoin ETF, the growth in Ethereum, and the distribution of assets from FTX are solid evidence.
Furthermore, supporting the theory that altcoins could shortly enter a strengthening phase are purchases made by the Trump team and past cycle trends.
Additionally displaying somewhat constant strength are Ethereum (ETH), XRP, and Binance Coin (BNB). Should this tendency continue, the predominance of Bitcoin could somewhat decline, opening the path for a significant altcoin market comeback.
Analysts’ Bitcoin Price Forecasts
Furthermore inspiring for Bitcoin are industry leaders and analysts. For instance, the Trust SkyBridge Crypto Industry & Digital Economy ETF forecasts Bitcoin might reach $200,000 by 2025. The Trump government’s stated intentions to include Bitcoin into the US strategic reserve and growing institutional acceptance form the foundation of this prognosis.
Anthony Scaramucci further observed that over 2024 the ETF he oversees’s performance has surged by 74%. Mostly from investments in businesses closely linked to the Bitcoin ecosystem, such MicroStrategy and Coinbase, this gain resulted.
The CEO of Blockstream underlined however that the present BTC bull market is still in its early phases. He claims that the rising interest from retail investors and the money flowing into Bitcoin ETFs point to a far from over uptrend.
From another perspective, Alex Thorn of Galaxy Digital forecasts that the price of BTC might exceed $150,000 in the first half of 2025, potentially even reaching $185,000 by the end of the year.
Under the Trump administration, rules on digital assets should be more lax, so creating chances for more institutional investors to enter the market.
Ki Young Ju claims that there is a strong case to take bearish trend consideration should the price of Bitcoin drop below $57,000. This refers to past patterns, where this level is a crucial point in determining the direction of the market next.
As of press time, BTC is swapped hands at about $97,139.84, up 0.81% over the last 24 hours and 0.87% over the last 7 days.
