CryptoQuant CEO: Bitcoin could signal trend shift if it breaks $100K

CryptoQuant CEO Ki Young Ju recently stated on X that after predicting the end of the Bitcoin (BTC) bull cycle, BTC initially dropped 10%, but has since rebounded above that level. “If it breaks above $100K, I’ll gladly admit I was wrong,” he said, while maintaining his view that the market is still range-bound. Ju plans to monitor on-chain data for the next few weeks to determine whether the current movement marks a true trend reversal. He also noted that if BTC reaches a new all-time high before Q4, he is ready to abandon the cycle theory altogether, suggesting the market may be shifting toward a continuous upward trajectory.