CryptoQuant predicts BTC will remain bullish even if its price dips

According to JAN3 CEO Samson Mow, Bitcoin price movement looks manufactured.

“It looks like a form of price suppression. […] While one could argue it’s consolidation, it appears very orchestrated. The extremely narrow range in which trading occurs seems quite unnatural,” Mow explained.

BTC has been trading between $92,400 and $106,500 since December 18, 2024. Following Donald Trump’s election victory, the crypto asset’s price skyrocketed on January 20, 2025, briefly reaching $109,000, and then fell back.

Mow pointed to the influx of capital into spot Bitcoin ETFs and purchases made by companies, such as Strategy, which buy a “multiple of the Bitcoin mined every day.”

CryptoQuant Ki Young Ju quoted historical data to suggest that BTC would remain bullish even if its price fell 30% from the all-time high and dropped to $77,000.

“I don’t think we’ll enter a bear market this year. We’re still in a bull cycle. The price would eventually go up, but the range seems broad,” Ki Young Ju posted.

Crypto analyst Timo Oinonen believes Bitcoin has not exhausted its growth potential in the post-halving period.

“I’d expect to see a ‘sell in May’ effect, a sideways summer, and elevated price levels by the last quarter. The positive Q4 seasonality has been repeated in 2013, 2016, 2017, 2020, 2021, 2023, and 2024. A deeper correction could be multiple months or even a year away,” Oinonen stated.