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End Of The ‘Pain’ — Bitcoin Primed For 40% Gain, Analytics Firm CEO Says

  • Bitcoin surged by 8% during the early hours of trading, topping $75,000, better than its March record.
  • Ki Young Ju, CryptoQuant's CEO, believes Bitcoin's price can still increase in the short term, with up to 40% upside.
  • Bitcoin's technical data suggests a bullish short-term story, with the price approaching the upper Bollinger Band and the Relative Strength Index (RSI) indicating upward momentum.
  • Staking platforms like Solv Protocol benefit from Bitcoin's recent price action, with over $2 billion in Total Value Locked and increased activities across blockchains.

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