CryptoQuant CEO To Discard Cycle Theory If Bitcoin Price Breaks All-Time High in 2025
CryptoQuant CEO Ki Young Ju will throw more weight behind a perambulls if Bitcoin (BTC) price breaks a new all-time high in Q4 2025. The crypto analyst previously made bold projections on the assets cycle movement amid stunning macro trends. At the time of writing, Bitcoin and other assets have experienced a significant price recovery, pushing the total market cap back above the red zone for short-term holders.
A Series of Short-Term Price Actions
In a recent X post, the crypto firms CEO wrote that prices have pulled off a recovery despite short-term risks projecting fresh movements in the coming months. Young Ju previously made a bear market call after prices tumbled from an all-time high earlier in the year. Crypto prices slumped 10% afterwards, but are now above the mark with similar figures.
Young Ju noted that he would discard the cycle theory if a new all-time high is recorded before Q4 2025. Crypto traders utilize market cycles to predict price movements and participants sentiment. Last year, the bull cycle spiked to a series of new highs for the digital asset leader, and a much larger growth was expected this year. However, flash dips hinged on President Trumps sweeping tariffs wiped out a chunk of gains.
Admittedly, a digital asset market without cycles will be different from moments in the last decade. For Young Ju, this will favor permabulls that project that assets only upward momentum. These bulls projected a $150k price at the end of the year, and with recent inflows, if sustained, it could hit the mark.
Furthermore, he added that if the short-term Bitcoin price reaches $100,000, his previous bear cycle forecast was wrong, although mixed trading has been recorded over the last 30 days.
Bitcoin Price Rebounds After Downward Pressure
This week, Bitcoin price gained significant traction, notching over double-digit inflows. The asset trades for $92,371, bolstering the total market cap to above $2.88 trillion. Previously, the consistent dip below $90k led analysts like Young Ju to suggest a prevailing bear market.
According to his analysis, the Realized Cap saw growth, but the Market Cap remained stagnant, signaling bearish trends. In short: when small capital drives prices up, its a bull market. When even large capital cant push prices upward, its a bear. Current data clearly points to the latter. Sell pressure could ease anytime, but historically, real reversals take at least six monthsso a short-term rally seems unlikely, he added.
Text source: ZyCrypto
