Moderated Bitcoin Cycle Ahead, Analyst Predicts 3-5x Returns
Bitcoin is no longer expected to skyrocket by 10x as it has in past bull cycles, according to Ki Young Ju. Instead, a more moderate growth pattern is predicted, with returns ranging from 3-5x.
This shift in expectations is attributed to the increasing size of the market and growing institutional ownership, which are contributing to reduced volatility while raising the floor on potential drawdowns.
Currently, Bitcoin's price is trading at $86,214.34 within its Bollinger Bands, near the upper resistance level of $88,354.16. The RSI has reached 74.47 and the MACD golden cross is at 1,909.44, indicating near-term exhaustion.
A measured pullback towards the EMA50 support level of $81,195.28 may provide a clean entry point before continuation, particularly as the 365-day PnL moving average inflects higher amid fresh realized-cap inflows.