Ki Young Ju of CryptoQuant suggests he’ll abandon cycle theory if Bitcoin hits a new all-time high by Q4 2025. Despite recent market recoveries and optimism, he voices caution about the sustainability of these gains, indicating that persistent bearish trends might still prevail. Bitcoin is currently trading around $92,371, with predictions of possible significant price increases, but uncertainty remains regarding long-term market conditions.
In a recent announcement, Ki Young Ju, the CEO of CryptoQuant, made it clear that he would change his perspective on Bitcoin price cycles if the cryptocurrency surpasses its all-time high by Q4 2025. This comes as Bitcoin and the wider market have seen a significant rebound lately, lifting the total market capitalisation back into a healthier range for short-term investors. Ju’s statements follow bold predictions regarding Bitcoin’s price movements amid changing macroeconomic conditions.
On a recent X post, Young Ju shared insights on Bitcoin’s recovery despite potential short-term risks that could affect upcoming movements. Earlier this year, he predicted a bearish trend after Bitcoin plummeted from its all-time high, but current prices have recovered, bringing optimism back into the market. If Bitcoin sets a new record before the end of 2025, he would reconsider the theory of price cycles, which traders typically use to gauge market sentiment and price trajectories.
The reversal of market cycles would represent significant shifts from a decade of trends in the cryptocurrency landscape. This perspective aligns with what Ju describes as “permabulls,” who believe in constant upward movement for Bitcoin. These optimistic traders have set ambitious targets, with some projecting Bitcoin could reach $150,000 by year’s end, particularly if the recent inflows into the market maintain their momentum.
He also commented on the implications of short-term price movements, stating if Bitcoin reaches $100,000, it would indicate an error in his previous bearish forecasts, regardless of the mixed trading signals observed over the last month. In the current week, Bitcoin has gained considerable traction, trading around $92,371—a significant rise that boosts the overall market cap to over $2.88 trillion.
However, Young Ju remains cautious, suggesting that a prolonged bear market might still be in play. He notes that while smaller capital flows drive prices up, the inability of large capital to do the same indicates bearish conditions. With current data revealing stagnant market capitalisation despite increased Realised Capital, he believes that while selling pressure could diminish, substantial market reversals typically take several months to manifest, making a short-term rally seem unlikely.
