CryptoQuant CEO, Ki Young Ju, predicts that Bitcoin will trade below $60k by year-end, contrary to the growing chorus of analysts projecting continuous surge.
Ki Young Ju expects a trend reversal in the next few weeks, with Bitcoin ending the year at $58,897.
His prediction represents a 24% price drop for Bitcoin.
The market is currently influenced by the results of the US elections and increasing inflows into Bitcoin ETFs.