Bitcoin Bull Market Over, CryptoQuant CEO Predicts Bearish Trend for Next 6–12 Months

2025年03月18日

The post Bitcoin Bull Market Over, CryptoQuant CEO Predicts Bearish Trend for Next 6–12 Months appeared first on Coinpedia Fintech News

Bitcoin is facing critical price levels as it retests key resistance zones, hinting at risks for its ongoing bull market. Historically, when Bitcoin has tested these levels during bullish phases, it has managed to break through, hold its ground, and continue upward. However, current market conditions suggest caution, as the cryptocurrency is encountering key resistance and may experience a slowdown.

The 50% Level: A Crucial Indicator 

Bitcoin’s price is currently at $83,000, approximately $10,000 away from the crucial 50% level at $93,000. This level is important because Bitcoin has historically shown strong reactions to it, both during upward and downward movements. The 50% level is particularly important for the current cycle, as it is derived from the price range between the August low and January’s all-time high.

In recent weeks, Bitcoin has experienced sharp price movements, with major swings around the $79,000 level. Despite these fluctuations, the price has managed to hold above this level, suggesting the market is watching for further signs of either a breakout or a breakdown.

Market Sentiment: A Potential Sell-off 

While Bitcoin’s short-term outlook may appear bullish due to recent price bounces, there are concerns that if Bitcoin fails to surpass the $93,000 level, it could experience a significant sell-off. This failure would resemble past failed rallies, where market sentiment turned bearish quickly, leading to sharp declines. Investors should be aware that these levels carry risk, and patience will be key in assessing the next move.

CryptoQuant CEO Warns of Bear Market 

On-chain indicators are also pointing to a possible shift in Bitcoin’s market cycle. CryptoQuant CEO Ki Young Ju has suggested that Bitcoin’s bull cycle may be over, predicting 6 to 12 months of bearish or sideways price action.

According to him, on-chain metrics such as MVRV, SOPR, and NUPL are signaling a bear market. He added that fresh liquidity is drying up and that new whales are selling Bitcoin at lower prices, which could dampen any bullish momentum.

What’s Next for Bitcoin? 

As Bitcoin approaches these crucial levels, it remains to be seen whether it can break through resistance or if it will face another downturn. Investors should monitor the price action closely, particularly around the $93,000 level, as any failure to push past this could signal further challenges for Bitcoin in the coming months.

XRP Price Prediction For March 18

2025年03月18日

The post XRP Price Prediction For March 18 appeared first on Coinpedia Fintech News

Ripple’s XRP is down by more than one percent and is currently trading at $2.30. While short-term price movements may occur, the overall trend suggests that a major upward movement is not expected at this time. Despite this, short-term bullish action may still arise, though the broader trend remains subdued.

Short-Term Bullish Price Action 

In the last few days, XRP has experienced positive price movement. On the 8-hour chart, the price recently broke above a short-term resistance zone between $2.25 and $2.30. After breaking through, XRP successfully retested this level, turning it into support. According to analyst Josh of Crypto World, this technical pattern is a positive sign, as turning resistance into support typically signals bullish price action.

In the short term, this indicates a favorable outlook for XRP, with the next major resistance levels expected between $2.65 and $2.80. However, there is also resistance around $2.50 that will need to be overcome before reaching these higher levels.

Sideways Range and Lack of Momentum 

Despite these recent bullish signs, XRP’s price has been stuck in a sideways range for the past month, moving within a narrow band. This lack of momentum in either direction is evident, and while short-term gains may occur, the overall market trend suggests caution due to the ongoing bearish divergence on the 3-day chart.

Expecting More Sideways Movement 

Given the current technical situation and the continuing bearish divergence, XRP is likely to remain in a sideways trend in the near future. Bullish momentum is unlikely unless the broader bearish divergence is addressed. Traders should monitor the short-term bullish patterns, but the overall market direction is expected to stay sideways.