USDJPY
EURUSD
Crypto
Bitcoin faces ‘boring sideways’ grind in coming months: CryptoQuant CEO
Table of Contents
Key Takeaways (30s Read)
CryptoQuant CEO forecasts a 'boring sideways' market for Bitcoin as funds flow decreases.
Bitcoin's Boring Market Outlook
CryptoQuant's CEO, Ki Young Ju, has stated that the money flowing into Bitcoin has "dried up" for now, with traders returning to traditional markets. Recent market trends indicate that Bitcoin has not been exhibiting active trading behavior, leading to a forecast of a "boring sideways" movement in the coming months. This situation is evident when viewing the Bitcoin to USD chart, which suggests ongoing trading within a range without a clear direction. Traders appear to be shifting their investment capital into other asset classes, and with the continuing lack of volatility, expectations for Bitcoin's price are waning. As long as this flow of funds persists, Bitcoin will likely continue trading within its current range unless a significant breakout occurs at key support or resistance levels.Market Sentiment and Risks
Such market conditions compel traders to adjust their speculative trading strategies, also contributing to a heightened risk within a consolidation market. Should the slowdown in capital flow persist, the Bitcoin market may require additional stimuli to invigorate trading activity.AI Analyst
AI Opinion
"The Bitcoin market is currently experiencing a sideways phase due to decreased inflow of capital. The trend of traders shifting towards traditional markets indicates a lack of catalysts for potential volatility. Moreover, with the trading volume of Bitcoin scarce, significant price fluctuations are less likely to be expected, making it risky to establish new positions at this time. While Bitcoin continues to maintain its popularity as a digital asset, the question remains how much fresh capital will flow in to support any upward trends. As long as the flow of funds continues to shift to other asset classes, substantial movement in Bitcoin may not be foreseeable."
RECOMMENDED BROKER Trusted Broker
Maximize This Opportunity.
Turn AI-detected market inefficiencies into profit with industry-leading specs. There's a reason pros choose Exness.
Raw Spreads
0.0 pips~
Leverage
Unlimited
Execution
Instant
AI Market Analysis Team
Combining advanced AI algorithms with professional trader insights. We analyze market drivers 24/7 to provide objective trading scenarios.