Ki Young Ju confirms that the likelihood of BTC climbing 30-40% from its current levels is very high.
CryptoQuant CEO Ki Young Ju has shared a rather cautious opinion about the current situation in the crypto market. This follows after he took to his X account to warn Bitcoin BTC $107 698 24h volatility: 2.0% Market cap: $2.14 T Vol. 24h: $22.90 B investors about the dangers of going all in even though there may be signs to do so.
In the post, Ju admitted that Bitcoin is showing great signs of a recovery in the market. However, he also suggests that investors should be more cautious and consider gradually selling rather than taking an “all-in” buying approach at this time.
As Bitcoin Gains Strength, Ki Young Ju Urges Investors to Tread Softly
Ju’s market insights come as Bitcoin, the world’s most popular cryptocurrency, has seen a renewed interest, especially with former US president Trump, a known crypto-friendly candidate, declaring himself as the winner and next president of the United States.
The analysis also saw Ju admitting that truly, there is room for growth. However, even at that, the analyst believes that the current market dynamics are different from previous bull runs. Therefore, investors should not expect the same level of surges in the price of Bitcoin, he added.
Drawing comparisons to past growth patterns Ju highlighted the challenges that new investors face. Especially those who held Bitcoin through the bear markets that lasted for nearly two years.
According to Ju, many such investors are just coming out of the “pain” period where they held through and endured losses. Now, however, they are probably experiencing relieved pressure for the first time ever. So, it would be understandable that they may want to take full advantage of this transition.
Admittedly, Ju confirms that the likelihood of BTC climbing 30-40% from its current levels is very high. However, that’s all that can be according to him. He noted that while this could still result in solid gains for investors, they should not expect a repeat of explosive growth seen in past bull runs. Particularly, in the period when Bitcoin saw a 368% surge from $16,000.
Timing and Strategy for Investors
Overall, Ju’s statement simply encourages investors to be more calculated with their Bitcoin investments going forward. So, instead of rushing to buy more Bitcoin as prices begin to head up, he suggests a gradual selling strategy.
With this method, investors would be able to capitalize on any price increases without risking too much in a potentially volatile market.
As of publication, BTC was sitting pretty at a value of $73,920.
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