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Recent fluctuations in Bitcoin 
$79,747 prices have caught the attention of market observers. CryptoQuant CEO Ki Young Ju asserts that the bull cycle is still ongoing, emphasizing that price corrections are normal. According to Ju, Bitcoin may maintain its upward trend in the long term, but dipping below certain critical levels could signal the end of the bull cycle.
Potential Price Corrections for Bitcoin
Ju suggests that during the bull cycle, Bitcoin’s price could experience a decline of up to 30%. Such corrections may present buying opportunities within the market. If Bitcoin drops below $75,000, the positive outlook is likely to be jeopardized.
Historically, Bitcoin has faced similar corrections during bull cycles but has managed to sustain its long-term trend. Current market dynamics indicate that investors need to exercise caution. The $75,000 level is highlighted as one of the critical support points.
Liquidity Movements and Consolidation
It is predicted that Bitcoin’s price may enter a consolidation phase between $75,000 and $100,000. The influx of new liquidity in the market could determine the duration of this range. Analysts specifically note that spot trading volumes are concentrated around the $100,000 mark.
Ju emphasizes that new liquidity will dictate the market’s direction, stating, “Bitcoin’s spot volume is active at the $100,000 level. Prices may decline when new liquidity diminishes during distribution periods. The crucial question is where the new liquidity will originate.”
At the time of this report, Bitcoin was trading at approximately $84,247. This price is about 22% below its previous all-time high of $108,786. Investors continue to monitor Bitcoin’s price movements closely to refine their strategies.
