CryptoQuant CEO Predicts Bitcoin’s Next Big Move – And Hope He’s Wrong
CryptoQuant CEO Ki Young Ju has predicted Bitcoin's next big move, predicting a 24% drop in its price by year-end. The prediction comes after Bitcoin hit $77k, briefly topping $79k. Despite the contrarian opinions, many traders and analysts are looking at more upside for Bitcoin due to favorable market and political conditions. Some analysts believe that Bitcoin's continuous surge is expected until next year.
However, Young Ju offered a disclaimer, saying he could be wrong. The CEO's post on Twitter/X also asked followers to guess the possible Bitcoin price at year-end, offering 0.01 BTC or roughly $7,600 at the current price. The diversity in users' answers is expected since predicting the asset's price by year-end is often challenging. Despite the contrarian opinion, many in the industry still look at the asset's upside due to favorable market and macroeconomic conditions
Article