Bitcoin's price had a tough May, falling below $60,000 to a low of $56,500 on May 1, 2024. It has since improved to $66,900 as June nears. The founder of Cryptoquant noted that the bull run is at its midpoint and suggested that if this trend continues, “the bull cycle might end by April 2025.”

Debate Over Bitcoin Bull Cycle’s Status Continues Amid Market Recovery

The timing and status of the bitcoin bull run are highly debated. Predictions about its start, current state, and end are common. Currently, BTC is at $66,900, a 10% increase over the past week but still 10% below its all-time high of $73,794 on March 14, 2024. Some believe the peak has been reached, while others think a six-digit price is possible.

On May 17, Cryptoquant CEO Ki Young Ju stated that bitcoin is in the middle of the bull cycle, with the market cap growing faster than the realized cap, a trend typically lasting around two years. If this pattern holds, the bull cycle might end by April 2025. Despite recent stagnation, many believe the bull cycle continues. Onchain analyst Willy Woo noted that profit-taking has ended, indicating a healthy market reset.

Whether experts are correct about the bull cycle's current stage is uncertain. Bitcoin's price trajectory remains unclear, with opinions varying on the bull run’s status. Indicators suggest either a possible peak or further growth potential. The market’s unpredictability keeps bitcoin’s future valuation an intriguing mystery.

What are your thoughts on the Cryptoquant CEO’s view of the bull run’s current stage? Share your opinions in the commenBitcoin's price had a tough May, falling below $60,000 to a low of $56,500 on May 1, 2024. It has since improved to $66,900 as June nears. The founder of Cryptoquant noted that the bull run is at its midpoint and suggested that if this trend continues, “the bull cycle might end by April 2025.”

Debate Over Bitcoin Bull Cycle’s Status Continues Amid Market Recovery

The timing and status of the bitcoin bull run are highly debated. Predictions about its start, current state, and end are common. Currently, BTC is at $66,900, a 10% increase over the past week but still 10% below its all-time high of $73,794 on March 14, 2024. Some believe the peak has been reached, while others think a six-digit price is possible.

On May 17, Cryptoquant CEO Ki Young Ju stated that bitcoin is in the middle of the bull cycle, with the market cap growing faster than the realized cap, a trend typically lasting around two years. If this pattern holds, the bull cycle might end by April 2025. Despite recent stagnation, many believe the bull cycle continues. Onchain analyst Willy Woo noted that profit-taking has ended, indicating a healthy market reset.

Whether experts are correct about the bull cycle's current stage is uncertain. Bitcoin's price trajectory remains unclear, with opinions varying on the bull run’s status. Indicators suggest either a possible peak or further growth potential. The market’s unpredictability keeps bitcoin’s future valuation an intriguing mystery.

What are your thoughts on the Cryptoquant CEO’s view of the bull run’s current stage? Share your opinions in the comments below.ts below.