CryptoQuant CEO Announces the Critical Price for the Continuation of the Bitcoin Bull!
Ki Young Ju, CEO of on-chain analysis platform CryptoQuant, pointed out the bull price while giving critical advice to cryptocurrency investors.
CryptoQuant's CEO, Ki Young Ju, included the notable bull price in his X post dated June 15. Stating that the average purchase price of Bitcoin investors is stacked at the level of $47 thousand, the analyst predicted that the price will not fall below this level as long as the bull market continues.
The CEO revealed that the average Bitcoin purchase cost of users on Binance is $49,700, while the cost of OKX users is $47,300.
Bull market continues
He stated that although Bitcoin has experienced a 27% decline from the level of $ 74 thousand, it is still above $ 47 thousand and from this perspective, the bull continues.
Emphasizing that the long-term upward trend continues in his statement, the CEO nevertheless invited everyone to avoid taking excessive risks:
Maintain your long-term bullish outlook, but avoid extreme risks. This is an investment advice.
According to CoinGecko data, Bitcoin, which has lost 1% in value in the last 24 hours, is traded at $66,100 at the time of writing.
