Bitcoin could end year at $58K as futures market ‘overheated’ — CryptoQuant
CryptoQuant CEO Ki Young Ju tips Bitcoin to finish the year at $58,974 but another analyst disagrees, saying a major pullback is unlikely.
CryptoQuant CEO Ki Young Ju believes Bitcoin could end the year at just under $59,000, citing an overheated futures market as one of the primary reasons for an end-of-year tumble.
In a Nov. 9 post to X, Ki said he expects Bitcoin to close the year at $58,974 and asked others on social media to speculate on what their thoughts on the yearly close would be, adding that he’d pay 0.1 BTC to the person with the closest answer.
“I expected corrections as BTC futures market indicators overheated, but we’re entering price discovery, and the market is heating up even more,” Ki said.
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Author: Tom Mitchelhill
