Bitcoin’s epic rally might be running out of steam—at least according to CryptoQuant CEO Ki Young Ju. In a March 17 post, Ju declared that the bull cycle is over, predicting 6-12 months of sideways or bearish price action. His reasoning? On-chain metrics suggest that fresh liquidity is drying up, and new whales are selling Bitcoin at lower prices.
But not everyone is convinced. Swyftx lead analyst Pav Hundal told Cointelegraph that there’s “no reason to panic”, arguing that while investors may be spooked by U.S. tariffs, the global economy remains strong. He believes money will flow back into riskier assets when market confidence returns.
Other Analysts Think BTC Will Hit New All-Time High in April
Other analysts see upside potential. CoinRoutes CEO Dave Weisberger pointed to historical trends, saying that Bitcoin could reach new all-time highs by late April if its usual correlation to money supply holds. Similarly, Swan Bitcoin CEO Cory Klippsten gives Bitcoin a 50% chance of hitting fresh highs before June.
At the time of writing, Bitcoin is sitting at $82,665, down 16.73% over the past three months. Whether this is just a healthy correction or the start of something worse depends on who you ask.
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