Bitcoin, which rose to $73,000 in March, could not show the expected upward movement afterwards, while CryptoQuant CEO Ki Young Ju said he expects the bull season to continue with rises, especially in the 4th quarter. Young Ju said, “For the bull cycle to continue, U.S. demand needs to rebound. I expect this in Q4, but I could be wrong. We’re mid-cycle and haven’t hit the retail bubble yet.” he said.

While it is certain that the US Federal Reserve (Fed) will officially start interest rate cuts on September 18, cryptocurrency and stock investors are also in the expectation of a rise…

“Starts in the Q4”

Ki Young Ju, CEO of on-chain analytics platform CryptoQuant, also tweeted that he expects the rises to start in Q4 and that he still hasn’t seen an influx of small investors:
“Coinbase’s Bitcoin spot trading volume dominance is back to pre-spot ETF levels. For the bull cycle to continue, U.S. demand needs to rebound. I expect this in Q4, but I could be wrong. We’re mid-cycle and haven’t hit the retail bubble yet.”

As it will be remembered, Bitcoin broke its historical record with $73,000 on 13 March, but entered a serious decline and consolidation process after halving. In cases such as Israeli-Iranian tensions, Trump’s assassination attempt and the Bank of Japan’s surprise interest rate hike, the largest cryptocurrency dropped to $50,000.

Bitcoin fell to $52,500 last week.