Bitcoin can reach 140,000 dollars: Crypto expert commented

CryptoQuant CEO Ki Young Ju stated that the rise of Bitcoin (BTC) could continue up to $141,000.

Ju expressed that we are still in the early stages of the ongoing rally in Bitcoin. The famous figure shared his opinion based on Onchain data, which excited his followers. According to Onchain data platform CryptoQuant, the inflow of money into Bitcoin has not yet significantly increased.

Onchain data indicates the rise for Bitcoin

Ju, in a social media platform X post, compared price predictions based on Bitcoin's realized cap with the previous two bull cycles. This comparison indicates that the upward trend in Bitcoin will continue. The analyst noted that Bitcoin's realized price is increasing every day.

Realized price measures the total capital inflow into the Bitcoin market. Analysts measure this metric using tools and algorithms that calculate the total value of Bitcoin. Ju emphasized that in bullish markets, the market value typically exceeds the realized value based on historical data.

According to the analyst, the market value of Bitcoin reaches its peak during periods of intense interest from individual investors. However, during bearish market phases, the market value can quickly drop below the realized value.

Ju suggests that Bitcoin can reach higher levels without experiencing a major drop. According to the analyst, Bitcoin could reach $141,000 in this bull season. BTC is currently trading at $98,350 and has shown a 1% increase in the last 24 hours at the time of writing the news.

This article does not contain investment advice or recommendation. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.