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While Bitcoin is developing around $ 96,000, Ki Young Ju, the CEO of the cryptocurrency, he says the main correction should not endanger the bull run in 2025. This analysis comes in the context of a growing institutional acceptance in the United States.
The analyst claims that bitcoin will remain bruise even after falling to $ 77,000
Ki Young Ju, a renowned cryptomania expert, shared his analysis of 19 February on the X platform, Bitcoin could experience 30 % of the correction from his highest historical people while retaining his ascending dynamics. This projection is based on a study of previous cycles, where similar corrections have not reversed the general trend.
The analyst identifies several key support levels. The most important is $ 89,000, which corresponds to the average input price of ETF Bitcoins. Another significant level is $ 59,000, which represents the equilibrium point of binance traders. For minors, the threshold value of profitability is $ 57,000, a historically decisive level that confirms the entry into the lower market.
This technical analysis is strengthened by a growing institutional acceptance. Several US states are currently studying the possibility of creating their own bitcoin strategic reserves. February 16, twelve countries, including California, invested together $ 330 million in a strategy (ex-Mucostrategy), the main institutional bitcoin holder with $ 478,740 to the reserve.
Post-position perspectives and bull catalysts
The April event half is another determining factor. Historically, this reduction in half the price of minors has always preceded a significant increase. Since the last half, however, bitcoin has increased by only 60 %, suggesting that the potential of increasing is still not in line with the cryptocurrency.
The analyst of the contributor Timo Oinonen expects to develop in several stages: possible correction in May, followed by a period of summer stabilization, before the ascending recovery in the last quarter. This projection is based on the positive seasonality of the fourth quarter, which has been repeatedly observed since 2013.
In the face of these elements, contemporary consolidation seems to be a transitional phase rather than the conversion of the trend. The combination of a growing institutional acceptance, half impacts and the resistance of the retail market suggest that bitcoins could maintain their ascending dynamics despite possible significant repairs. Meanwhile, FTX victims began to be returned, and some of these funds could be reinvested in crypts and supported the market.
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Passionate Bitcoin, I like to explore meanders blockchain and cryptos and share my discoveries with the community. My dream is to live in a world where privacy and financial freedom is guaranteed for everyone, and I firmly believe that Bitcoin is a tool that can make it possible.
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The words and opinions expressed in this article are involved only by their author and should not be considered investment counseling. Do your own research before any investment decision.