CryptoQuant CEO Says Bitcoin Could Correct Down to $47,000 in the Short-Term
There is only one question on our minds right now: Where will Bitcoin’s decline stop?
CEO of CryptoQuantKi Young Ju also posted an article on the subject. Ki Young Ju warned investors that BTC could have a short-term correction in level 47,000 dollars
The famous CEO pointed out that although he predicts Bitcoin will have a short-term correction, The bull run is still going on.
CryptoQuant CEO says he believes that Bitcoin’s bull run isn’t over yet, but there is a possibility of a short-term correction towards $47,000.
“From a long-term perspective, I think the bull run is not over yet. Looking at the actual prices of various wallet groups, I think a short-term correction to $47,000.
If your money is stable, I think it is better to hold the position until early or mid next year.
I don’t think the current price is a good price to take advantage of futures.
We recommend you take a break and not trade until there is a strong buying trend. Of course, it is your decision.”
Bitcoin continues to trade at $54,551 at the time of writing.
I’m not sure what to do next??? yes….
— 레디 (@ledi96080880) July 5, 2024
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