On November 17th, CryptoQuant’s CEO Ki Young Ju shared insights via Twitter, asserting that the market is currently experiencing a bull trend. He acknowledged his earlier misjudgment pertaining to a potential short-term pullback, clarifying that he does not foresee a shift towards a bear market, but rather anticipates a minor correction. Ju emphasized that the ongoing positive sentiment in the Bitcoin market could potentially drive prices to a ceiling of $135,000, buoyed by consistent capital inflows. This analysis aligns with the broader sentiments in cryptocurrency trading as investors remain optimistic about the asset’s trajectory. Such statements underline the evolving landscape of digital asset investments, where market trends and analytical forecasts play pivotal roles in shaping future valuations.
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