Despite recent price declines sparking speculation about the end of Bitcoin’s bull run, CryptoQuant CEO Ki Young Ju remains confident that the rally is far from over.
Ju argues that Bitcoin is still within a bullish cycle, pointing to on-chain indicators and historical two-year trends that suggest an extended price surge could continue until April 2025. If his analysis holds, this would mark the longest Bitcoin bull run in history, with potential new highs ahead.
Ju acknowledges that Bitcoin’s price action is currently straddling the "bull-bear boundary," but he emphasizes that upcoming market movements, particularly institutional outflows from exchange-traded funds (ETFs), will provide clearer direction. He also predicts that even in a worst-case scenario, Bitcoin will consolidate around the $77,000 mark for a few months before resuming its upward trajectory.
Meanwhile, renowned investor and "Rich Dad Poor Dad" author Robert Kiyosaki has reiterated his commitment to accumulating Bitcoin amid the price drop. Expressing skepticism about fiat currencies and US bonds, Kiyosaki stated that he sees Bitcoin, gold, and silver as more reliable assets in the long term. Calling fiat “fake money,” he reaffirmed his strategy of buying Bitcoin whenever prices decline, signaling his belief in a future resurgence of the bull run.
With analysts and investors closely monitoring key metrics, Bitcoin’s near-term direction remains uncertain. However, market sentiment suggests that the ongoing accumulation phase could pave the way for another major rally.
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