Ki Young Ju: On-Chain Data Spotted BTC Bear Market at $96K
Ki Young Ju warns on-chain metrics flagged BTC bear market start earlier this year at $96K, with current price at $59980.13 showing bearish EMA structure.
SourceAnalysis
Ki Young Ju stated on-chain data proved effective at identifying the onset of the bear market, with his team issuing warnings earlier this year while BTC traded near $96K.
BTC now sits at $59980.13 inside Bollinger Bands bounded by $63183.52 resistance and $58315.82 support, with price below both the EMA50 at $62078.49 and EMA200 at $67059.42 confirming the bearish trend structure; RSI at 41.81 remains neutral while the MACD golden cross at -840.47 hints at potential momentum stabilization ahead of any test of lower band support.
Ki Young Ju
@ki_young_juFounder & CEO of CryptoQuant.com