Is the Bitcoin Bull Cycle Back? Watch $100K

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If BTC hits a new all-time high before Q4, Ju admits permabulls may have been right all along: ‘Up only’ becomes the new reality.

Bitcoin’s recent surge past $94,000 has reignited debate over whether the bull market is still alive, or if this is merely a dead cat bounce before another leg down.

CryptoQuant CEO Ki Young Ju, who previously suggested the cycle had peaked, now admits he may have been premature in his assessment.

This recent price behavior is at the heart of the renewed optimism around BTC’s trajectory. After shedding some of its value in late March amid fears of a topped-out cycle, the asset recovered, gaining 10.2% in the past week alone, edging out the broader crypto market, which went up 9.0% in that period.

At the time of writing, it was changing hands at $92,701, marking a slight intraday dip of 0.8% but still sitting firmly within a 24-hour range between $92,078 and $94,320, reflecting typical consolidation after a strong upward move.

While the cryptocurrency maintains a commanding 61.4% market dominance, it’s still trading 14.7% below its ATH of $108,786. But compared to historical levels, this is rarified air, nearly 137,000% higher than its 2013 low of $67.81.

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