Cryptoquant CEO says that Bitcoin Bull has ended, has BTC unification in the long run?

• The CEO of Cryptoquant Young JU stated that Bitcoin may appear Habbudian prices for the next 6-12 months.
• Bitcoin’s latest trading activity indicates that the cryptocurrency that enters the unification stage.

The encryption market seems to enter the unification phase during the past few days. The lack of significant measures between investors, which in turn began to sell between traders in the short term. Meanwhile, the ETF and Crypto Sector Reserves still show the increasing activity despite the overload of the price.

It is worth noting, to confirm the worst concerns of investors, CEO of Cryptoquant, Ki Young Joe to publish Bitcoin predicts a few hours ago. According to forecasting, JU states that the bitcoin bull cycle has officially ended. He also pointed out that during the next 6 to 12 months, we can expect low or side prices.

Society has given a lot of attention to this speculation, and discussed it enthusiastically. Cryptoquant CEO applied the PCA identifier on the series like MVRV and SOPR. Using this, he calculated a 365 -day moving average and by selecting the reflection points confirmed his analysis.

Moreover, Ki Young JU also said that with the drying of fresh liquidity, the new Bitcoin whales sell lower prices. This serves as a catalyst for hippos in the cryptocurrency. BTC is currently trading at a unified price of $ 83,000.

Will the Bitcoin standardization of $ 80,000 will continue for a longer period?

During the past week, Bitcoin was traded in a range of $ 85,000 – 85 thousand dollars. She tried several times to break the $ 86,000 resistance, but she failed to do so. In the past 24 hours, the cryptocurrency has been established at an additional price of 0.21 %.

This caused Bitcoin trading at the limits of 82 thousand dollars and 83 thousand dollars, after struggling to obtain $ 83,000 support. At the time of writing this report, BTC was trading at 82,991, according to CMC Data. Digital assets enlarge, in the weekly graph, the digital assets that are traded with $ 80354 were recorded at the beginning of the week.

These inferences also confirm the unification of the cryptocurrency. This combination with the prediction of Cryptoquant CEO, Bitcoin may face long periods of trading in this current price range. Meanwhile, other Altcoins like Solana and Cardano showed conflicts in breaking the resistance.

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