Ki Young Ju predicts Bitcoin could reach $135K amid a strong bull market, fueled by capital inflows and Trump’s crypto-friendly policies.
Ki Young Ju, the CEO of CryptoQuant, has shared a bullish outlook for Bitcoin. According to Ju, the market is in a strong bull cycle, and he expects Bitcoin’s price to continue climbing. His comments signal confidence in the ongoing upward trend despite some short-term fluctuations.
Ju only stressed in his post on X account that Bitcoin is in the bull market and said, “Bitcoin will go up.” But he agreed that his previous forecast of a short-term bounce was wrong. He quickly added that he did not foresee a bear market but a normal cyclical one. He pointed out that these corrections are always witnessed when the market is experiencing an upturn in the long term.
Ju also used the “realized cap” to measure Bitcoin’s total value based on the last trade. He also said that the flow of capital into Bitcoin is on the rise, indicating that the price of Bitcoin may touch $135,000. Currently, Bitcoin is at $90,700, which is already a landmark figure.
Bitcoin Bulls Eye $135K as Trump Promises Easier Regulations for Crypto
The increase in Bitcoin’s price in recent years is also due to the favourable macroeconomic environment after Donald Trump was elected president. After Trump’s win, Bitcoin hit the roof and even rose to over $93,000. Most observers expect the market to expand under Trump because of his positive attitude towards cryptocurrencies. Trump has said he will be on the side of the crypto industry and try to make regulations easier for crypto.
This has also been fueled by optimism in Trump’s policies, particularly in the crypto market and most especially in Bitcoin. People believe his presidency will mean a clear and positive legal environment for the crypto industry. This has, in turn, led to further confidence about future price fluctuations exhibited by investors.
With greater investment in the market and further development of the cryptocurrency industry, Ju’s forecast of $135,000 per Bitcoin is entirely possible. The positive atmosphere, solid background, and favourable approach to cryptocurrencies may contribute to BTC’s new highs in the nearest months.
