CandleFocus Senior Analyst Predicts $135,000 for Bitcoin Based on Realized Cap
2024-11-18
Author: Content Editor
Ki Young Ju, CEO of CryptoQuant, remains optimistic about Bitcoin's future and believes that the current market is in a bull cycle. He clarifies that while short-term corrections can occur, they are normal in a growing market and should not be mistaken as a bear market. With the evidence of the realized cap metric, which measures the total value of Bitcoin based on its last traded price, Ju suggests that Bitcoin could potentially reach $135,000. This positive outlook reflects increasing confidence in Bitcoin and its potential for future gains.
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