CryptoQuant CEO: BTC is at bull bear boundary, but the possibility of falling below $77000 is low

Odaily Planet Daily News: Ki Young Ju, co-founder and CEO of CryptoQuant, stated in an article on the X platform that indicators on the Bitcoin chain show that it is currently at the bull bear boundary. Previously, it was expected that this would be the longest bull market in history, but it may be wrong. The market still needs at least one month of data to confirm whether it has entered a bear market. If demand does not recover, indicators may fully indicate a downward trend. According to a typical two-year cycle, the bull market is expected to continue until April 2025, so the next one or two months will be a key turning point for the BTC market. If each indicator confirms a downward trend, it will admit that the previous judgment was wrong, but still believe that the possibility of falling below $77000 is very low.