{"id":25833,"date":"2024-01-26T06:16:38","date_gmt":"2024-01-26T06:16:38","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/cryptoquant-ceo-foresees-spectacular-major-bitcoin-rally\/"},"modified":"2024-01-26T06:16:38","modified_gmt":"2024-01-26T06:16:38","slug":"cryptoquant-ceo-foresees-spectacular-major-bitcoin-rally","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/cryptoquant-ceo-foresees-spectacular-major-bitcoin-rally\/","title":{"rendered":"CryptoQuant CEO Foresees Spectacular Major Bitcoin Rally"},"content":{"rendered":"<p><b>(Originally posted on : Crypto News &#8211; iGaming.org )<\/b><br \/>\n<\/p>\n<div>\n<p>CryptoQuant\u2019s CEO Ki Young Ju recently shared his insights, predicting a swift and impressive <a href=\"https:\/\/igaming.org\/cryptocurrencies\/section\/what-is-a-bitcoin\/\">Bitcoin<\/a> bull run fueled by major financial institutions\u2019 increasing involvement in the cryptocurrency. He shared these thoughts with his 332,000 followers on a social media platform, X.<\/p>\n<p>Ju highlighted the impact of traditional finance (TradFi) firms\u2019 growing engagement in Bitcoin. This involvement has been notably marked by the recent <a href=\"https:\/\/igaming.org\/crypto\/u-s-markets-to-see-spot-bitcoin-etfs-after-sec-approval\/\">approval<\/a> of Bitcoin exchange-traded funds (ETFs) in the spot market. These ETFs allow investors to gain exposure to Bitcoin through stock exchanges, without the need to directly purchase the cryptocurrency. Ju believes this development will lead to a faster and more dramatic bull run than previously seen.<\/p>\n<p>In the short term, however, Ju anticipates a correction in Bitcoin\u2019s value. He refers to a Fibonacci extension analysis by the well-known crypto analyst Nunya Bizniz, suggesting that Bitcoin could fall to around $35,000. This analysis aligns with Ju\u2019s own view of a short-term downturn followed by a significant rise. Ju agrees with Bizniz\u2019s assessment that a 30% drop in Bitcoin\u2019s value would be sufficient to satisfy market bears.<\/p>\n<p>Fibonacci extensions, a common tool in technical analysis, help traders estimate future profit targets and potential price retractions. Ju\u2019s commentary and Bizniz\u2019s analysis indicate a cautious yet optimistic outlook for Bitcoin\u2019s near future, especially considering the increasing interest from traditional financial institutions.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\"> <strong>175% Extra +<strong> $75 Risk Free Bet<\/strong>!<\/strong> <\/p>\n<p>New players only. 17% on 1st Deposit + $75 Risk Free Bet<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div><\/div>\n<p><a href=\"https:\/\/igaming.org\/crypto\/cryptoquant-ceo-foresees-spectacular-major-bitcoin-rally\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Crypto News &#8211; iGaming.org ) CryptoQuant\u2019s CEO Ki Young Ju recently shared his insights, predicting a swift and impressive Bitcoin bull run fueled by major financial institutions\u2019 increasing involvement in the cryptocurrency. He shared these thoughts with his 332,000 followers on a social media platform, X. Ju highlighted the impact of [&hellip;]<\/p>\n","protected":false},"author":34,"featured_media":25834,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/25833"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=25833"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/25833\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/25834"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=25833"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=25833"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=25833"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}