CryptoQuant CEO Predicts Bitcoin Will Maintain Sideways Trend
- Market Trend Analysis: CryptoQuant CEO Ki Young Ju indicates that Bitcoin may experience a boring sideways trend in the coming months, as structural changes suggest a decreased likelihood of a large-scale sell-off despite both bullish and bearish predictions emerging in the market.
- Institutional Investor Behavior: With institutional investors increasingly favoring long-term holdings of Bitcoin, Ju believes that the liquidity channels flowing into BTC have diversified, making it difficult to predict the timing of fund inflows, which signals a shift in market structure.
- Shift in Investor Interest: Ju also noted that the funds recently flowing into Bitcoin have dried up, with investor interest shifting towards traditional assets such as stocks, gold, and silver, which could impact Bitcoin's short-term performance.
- Price Volatility Expectations: Ju emphasized that Bitcoin's price is unlikely to see a sharp decline of over 50% as seen in past bear markets, instead maintaining a sideways trend in the coming months, contrasting sharply with previous cycles.
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Technical Analysis for BTC
Technical Sentiment Analysis for Bitcoin (BTC) As of , Bitcoin (BTC) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Bitcoin (BTC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 36137.94 | 48068.97 | 60407.96 | 72338.99 | 84677.98 | 96609.01 | 108948 |
| Fibonacci | 48068.97 | 57340.118 | 63067.842 | 72338.99 | 81610.138 | 87337.862 | 96609.01 |
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