Bitcoin is at risk of falling to critical price levels as it retests key resistance areas that signal a risk of decline within the ongoing bull market. In the face of the long-standing downward trend, the short-lived recoveries and the lack of a permanent recovery, the phrases “The bull market is over, the bear market has arrived” have begun to be uttered. “Bitcoin Bullish Ends!” At this point, while some analysts predict that a correction is normal and a bull rally will begin, CryptoQuant CEO Ki Young Ju claimed that, according to on-chain indicators, the Bitcoin bull cycle is over. At this point, Ju expects the BTC price to trend downward or sideways for 6-12 months. Ju, who changed his stance from earlier in February when he said the Bitcoin bull cycle would be slow but “still solid,” is warning investors against a bear market. Noting that as fresh liquidity runs out, new whales are selling Bitcoin at lower prices, the famous CEO noted that on-chain metrics such as MVRV, SOPR, and NUPL are signaling a bear market. “Bitcoin bull cycle is over, bearish or sideways price action expected for 6-12 months.” “No Need to Panic, There Will Be an Upsurge!” While CryptoQuant CEO claims that Bitcoin’s bull run is over, other analysts are not as pessimistic. Swyftx chief analyst Pav Hundal said there is no reason to panic. Hundal said investors are afraid of US President Donald Trump's tariffs, adding, “When the market is ready to take risks, money will flow into risky assets.” Some analysts also think that Bitcoin could enter an uptrend again, considering that the global M2 money supply has reached new highs. At this point, crypto analyst Seth said, “The global money supply has made another ATH. We will see Bitcoin rise again.” *This is not investment advice. Continue Reading: CryptoQuant CEO Said "Bitcoin Bullishness Is Over", Revealed What He Expects Next!
