Bitcoin Bull Cycle Resumes: Ki Young Ju Reverses Bearish Call
On-chain analyst Ki Young Ju formally reversed his earlier bearish Bitcoin forecast, declaring the bear cycle over and expecting 12–24 months of bullish or sideways price action.
What we know
Ki Young Ju publicly reversed his position from an earlier post calling the bull cycle over: '#Bitcoin bear cycle is over, expecting 12-24 months of bullish or sideways price action.' This is a notable 180° shift from his prior call of '6–12 months of bearish or sideways price action.' This comes despite bearish short-term data: Wintermute reported BTC fell 3.2% and ETH 7.0% last week with $679M in ETF outflows an account on X, and the UK court decision blocking Chinese fraud victims from reclaiming $5B in seized Bitcoin (likely kept by the UK government) added another wrinkle to BTC supply dynamics another account on X.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.