📉 Bitcoin at $47K? Analyst’s Bold Prediction Amid Market Turbulence

🗓 Despite Bitcoin’s recent rebound to $56,500, CryptoQuant CEO Ki Young Ju warns of a potential drop to $47,000. While maintaining a long-term bullish outlook until 2025, Ju cautions against high-leverage trading in the current uncertain climate.

🕯 Market pressures include whale sell-offs and Mt. Gox repayments, potentially unleashing $2.71 billion in BTC. However, Ju predicts a peak of $112,000 this cycle, based on historical data.

⬇️ How do you navigate short-term bearish trends in a long-term bull market? Share your strategies!