CandleFocus Realized Cap Suggests Bitcoin Will Reach $141,000 Soon – Analyst
2024-11-25
Author: Content Editor
Cryptoquant CEO Ki Young Ju believes that Bitcoin's current price surge will continue and reach up to $141,000. He argues that it is not a bubble yet because the market cap has not significantly increased relative to cumulative on-chain capital inflows. Ju compares the current Bitcoin price prediction with those of previous bull cycles and shows more bullish potential this time. He highlights the momentum and increasing realized price of Bitcoin. Ju explains that market caps tend to surpass the realized cap in bull markets, with a peak reached when there is a surge of retail investors. He predicts that Bitcoin will continue to rise without notable pullbacks. At the time of writing, Bitcoin is trading at $98,460, reflecting a 1% rally.
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