by Sana Bukhari
According to CryptoQuant CEO Ki Young Ju the Bitcoin bull market peak has ended. The growing amount of stablecoin transactions and rising institutional investments show Bitcoin could bounce back later this year even after the bull market ended according to some experts.
On March 18 Ki Young Ju announced to the public that Bitcoin’s stock market boom era has ended. His analysis pointed to signs that new whales sold their BTC and fresh funds were slowing down in the market.
Young Ju believed on X that Bitcoin would stay within a price range of negative to flat movement for approximately 6 to 12 months. The Principal Component Analysis evaluation approach in on-chain metrics finds an important shift typically before market direction changes.
Bitcoin Dips 1% as Stablecoin Inflows Signal Liquidity Boost
Bitcoin lost value by 1% and reached $83,179 during publishing time since Young Ju made his forecast. Prices drifted between $80,000 and $85,000 throughout the past week.
The rising amount of stablecoins entering the system demonstrates fresh liquidity even though CryptoQuant predicts a market decline. Matrixport announced in its March 18 edition that even with Bitcoin volatility stablecoins USDT and USDC received ongoing market injections.
Despite slowing compared to the previous quarter, stablecoin growth keeps rising in this trend. When stablecoins move into the market experts view it as a positive sign because it usually leads to rising demand for Bitcoin and cryptocurrency purchases. The current activity shows that investors may return to the market which could push Bitcoin’s value upward within the next period.
Japan’s Metaplanet invested more money in Bitcoin which makes experts predict a future increase in price. On March 18 the authorised company added 150 Bitcoin valued at $12.5 million to its strategic treasury purchases reflecting greater institutional interest in digital currency.
More institutional investors keep making Bitcoin more attractive to the market. The Singapore Exchange (SGX) evaluates launching Bitcoin futures contracts as Asian countries adopt Bitcoin more widely in their business systems. Despite other businesses buying Bitcoin, MicroStrategy leader Michael Saylor kept purchasing more BTC to his growing stack by acquiring 130 units worth $10.7 million.
Market experts study Bitcoin trends to determine its future market value. Stockmoney Lizards sees Bitcoin stay within a correction pattern shown by declining high prices and descent lows. The analyst’s research shows that bearish energy is reducing while positive trends form on the daily chart data.
Buyers’ signals rise while prices continue falling which suggests price might bounce back. Despite possible price dips to $70K analysts see Bitcoin catching strength in its accumulation zone beneath $80K as a starting point for further expansion.
Despite CryptoQuant’s CEO warning, various market indicators demonstrate that Bitcoin still moves upward towards its bull cycle. Data shows that stablecoins are entering more securely while institutions join in on the trend with visual indicators showing further market rise. Bitcoin investors and experts follow this coin’s total movement because it holds their attention.
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