The Haussier de Bitcoin (BTC) market is finished, according to the founder of the cryptotic crypto search cabinet, Ki Young Ju.
JU posted on X that it expects 6 to 12 months of lower or laterally price action while the BTC Bull Run loses steam, citing the drop in liquidity on the market.
“A new liquidity is necessary. The ceiling carried out on the chain has stalled, not pointing out any new capital entrance. For example, the Ibit of Blackrock saw three consecutive weeks of outings,” he said in a telegram note in Coindesk. “Even with a record volume nearly $ 100,000, the Bitcoin price has barely moved. Without new liquidity to compensate for heavy sales, it is a lower signal.”
A recent cryptochant report argued for the possibility of returning from BTC to the $ 63,000 mark, citing lowering signals from key evaluation measures such as the MVRV Z-SCORE ratio, which compares the market value of Bitcoin (MV) to its value carried out (RV) to identify the conditions of surouche or excess.
The MVRV Z-SCORE falling below its mobile average at 365 days indicates that the Dynamics of BTC prices have weakened, historically aligning with deeper corrections or the start of the bear markets.
The level of support from $ 75,000 to $ 78,000 is critical cryptocurrency analysts, noted, as weakening the demand for BTC, marked by the slowdown in the accumulation of whales and the net sale by the ETF of the American points, continues to add a lower pressure, increasing the risk of a deeper price correction.
This echoes what Joel Kruger of Lmax Group and Coinbase Institutional, David Duong, recently told Coindesk, with both a sustained weakness of American actions in the midst of economic uncertainty and global tensions could exacerbate the downward pressure on cryptographic markets, with stagflation also.
Polymarket bettors give 51% chance that BTC ends the week between the range from $ 81 to $ 87,000, and a chance of 31% that it reached $ 75,000 by the end of the month.
During the last month, Bitcoin is down 15%, according to data from Coindesk indices, with its decline eraaring post-electoral gains.
