Bitcoin Market at Critical Bull-Bear Boundary
- Bitcoin on-chain indicators are currently at the bull-bear boundary.
- CryptoQuant CEO Ki Young Ju suggests the bull market could last until April 2025.
- The next month or two is crucial for confirming market trends.
- Bitcoin is trading at $84,400, a decrease of 2.4% from the previous day.
- Institutional sentiment has shifted, with Bitcoin ETFs experiencing $1.1 billion in outflows in one day.
The current state of Bitcoin on-chain indicators suggests a critical turning point, with potential for an extended bull market until April 2025, according to CryptoQuant CEO Ki Young Ju. However, recent institutional outflows and price fluctuations highlight ongoing uncertainty in the market.
Source (2.6)https://cryptobriefing.com/bitcoin-on-chain-indicators-bull-bear/?rand=59535
