Bitcoin Could Still Explode 5x, but the 10x Days Are Over: CryptoQuant CEO
• CryptoQuant founder Ki Young Ju predicts a 3-to-5x Bitcoin rally in the current cycle, attributing this to a larger base of institutional buyers that moderates extreme price fluctuations.
• The PnL Index indicates that profitability levels for holders are higher than in previous cycles, with Bitcoin never falling below a value of 1, suggesting a more stable market environment.
• Bitcoin is currently trading around $86,500, with significant resistance noted at the $80,000 mark, while upcoming events like a large options expiry on September 25 may introduce volatility.
https://cryptopotato.com/bitcoin-could-still-explode-5x-but-the-10x-days-are-over-cryptoquant-ceo/
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