CryptoQuant CEO Predicts Significant Bitcoin Price Drop Before the End of 2024

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Cryptodnes2024/11/11 02:55

By:Cryptodnes

Bitcoin’s recent rally, driven by investor enthusiasm following Trump’s election win, has pushed it to a new all-time high of over $77,000.

However, Ki Young Ju, CEO of CryptoQuant, predicts a more cautious 2024 close at around $58,974—an estimated 24% dip from recent highs.

He’s running a prediction challenge for CryptoQuant users, with some optimistic followers forecasting six-figure prices.

Last week’s rate cut anticipation and election results spurred Bitcoin’s gains, catching short-sellers off guard, leading to liquidations totaling nearly $750 million across crypto markets.

Republicans Could Boost Crypto Market to $10 Trillion by 2026 – Standard Chartered

Meanwhile, analyst Ali Martinez suggests a possible Bitcoin correction toward $73,900, presenting an opportunity to buy. He also shared a bullish view on select altcoins, with price targets set for Notcoin and Dogwifhat, and remains positive on Ethereum’s potential for further growth.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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