CryptoQuant founder and CEO Ki Young Ju has revised earlier price predictions and is now projecting a $135,000 Bitcoin price ceiling, with a 2024 price target of $112,000, in his latest quantitative analysis of Bitcoin's price action. https://yakihonne.s3.ap-east-1.amazonaws.com/953281df0361f1a7ff836841c2b978b8d606b035e7d07b8d148c72e50b4d78a7/files/1718104641108-YAKIHONNES3.jpg https://cointelegraph.com/news/current-bitcoin-price-ceiling-135-k-ki-young-ju
Ju's revised predictions come amid a backdrop of significant market activity and volatility. His analysis suggests that capital flows into Bitcoin are likely to influence its price trajectory, reflecting broader trends in the cryptocurrency market. The recent performance of Bitcoin, including its ability to reach new all-time highs, has contributed to a more optimistic outlook among analysts and investors alike.