Head of research company CryptoQuant Ki Yoon Ju advises to keep bitcoins despite the dump that occurred on the night of December 5-6.
Don't sell your bitcoins. The coin's price has reached a new all-time high, broken through one of the most significant psychological barriers, and is now floating freely. I repeat, don't sell your bitcoins, - wrote Ki Yoon Joo.
Previously Ki Yoon Joo predicted Bitcoin's price is expected to rise to $146,000 by January 5, 2025. According to him, after reaching this figure, the cryptocurrency will be considered a "bubble", so a bearish trend will be inevitable.
Bitcoin price movement chart by Ki Yoon Joo
In response to Ki Yoon Joo's post Bitcoin -investor Mike Archan has predicted an exponential rise in the value of Bitcoin. His forecast is based on the shortage of digital assets on crypto exchanges, which indicates weak selling pressure. According to Archan, people who buy BTC at the current price should not get rid of coins until their rate reaches at least $200,000.
Notably, the fat cats not only followed the CryptoQuant CEO’s advice, but also took advantage of the dump to increase their cryptocurrency holdings. As Bitcoin’s price plummeted, financial services company BlackRock, cryptocurrency mining firm MARA Holdings, and an unknown whale Bought 9173 BTC worth $898,1 million at the current rate.
