• CryptoQuant CEO Ki Young Ju now believes Bitcoin's bull cycle is over, predicting 6-12 months of bearish or sideways movement.
  • Other analysts remain optimistic, citing economic indicators and historical trends suggesting Bitcoin could still reach new all-time highs.

The trajectory of Bitcoin’s bull cycle is under scrutiny as industry analysts present contrasting views on its future. CryptoQuant CEO Ki Young Ju recently suggested that the Bitcoin bull market may already be over, reversing his stance from earlier this month.

“Bitcoin bull cycle is over, expecting 6-12 months of bearish or sideways price action,” Ju stated in a March 17 post on X.

He cited on-chain data indicating a drying up of fresh liquidity and new whales selling at lower prices.

His latest assessment contrasts with his March 4 statement, where he maintained that the Bitcoin bull cycle was “still intact” but moving at a slower pace. “Fundamentals remain strong, with more mining rigs coming online,” Ju said at the time.

Bitcoin’s recent price movement reflects market uncertainty. At the time of publication, Bitcoin was trading at $83,030, marking a 14.79% decline over the past month, according to CoinMarketCap data.

Cointelegraph recently reported that Bitcoin funding rates, which indicate the cost of maintaining long or short positions in crypto futures, are hovering around 0%, signaling increased market indecision.

While Ju takes a bearish stance, other analysts remain optimistic. Swyftx lead analyst Pav Hundal believes there is no cause for alarm. “There is no reason to panic,” Hundal told Cointelegraph, adding that despite investor concerns over U.S. President Donald Trump’s tariffs, “all the numbers show a global economy that is pointing in the right direction.”

Some analysts suggest Bitcoin could be poised for an uptrend, given the recent rise in the global M2 money supply.

Crypto analyst Seth highlighted this in a recent X post, stating,

“Global Money Supply just made another new ATH. We are about to see Bitcoin rally again.”

CoinRoutes CEO Dave Weisberger also sees potential for Bitcoin to hit record highs.

“Expect Bitcoin to hit a new ATH within a month if its BETA correlation to money supply holds,” he wrote in a March 17 post.

However, historical data suggests Bitcoin’s current price is significantly lower than expected. Former Phunware CEO Alan Knitowski pointed out that, based on past trends, Bitcoin’s price should be around $250,000 at this stage of the cycle.

Meanwhile, Swan Bitcoin CEO Cory Klippsten remains optimistic about a potential new high.

“There’s more than a 50% chance we will see all-time highs before the end of June this year,” he stated.

Bitcoin’s current all-time high of $109,000 was reached on January 20.

As market conditions fluctuate, the debate over Bitcoin’s future continues, with analysts divided on whether the bull cycle has ended or if another rally is imminent.

Edited by Harshajit Sarmah