If Bitcoin Breaks $100K, This CEO Will ‘Gladly Admit’ Being Wrong About A Bear Market
Ki Young Ju, Founder and CEO of on-chain analytics platform CryptoQuant, says he’s open to conceding a major forecast error, if Bitcoin (CRYPTO: BTC) breaks above $100,000.
What Happened: In a post on X (formerly Twitter), Ju acknowledged that Bitcoin is now trading 10% higher than when he recently declared the bull cycle to be over.
Despite the move, he remains cautious, stating, “If it breaks above $100K, I’ll gladly admit I was wrong.”
Ju’s recent comments on X follow his earlier analysis, which flagged a potential market top based on historical on-chain data.
CryptoQuant’s proprietary PnL Index chart, which tracks Bitcoin’s price against on-chain profitability metrics over a decade, recently issued a sell signal similar to those in 2013, 2017, …
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