Bitcoin Volatility Rises as Market Experts Confirm Bullish Outlook

Despite recent price swings, CryptoQuant CEO Ki Young Ju asserts that Bitcoin remains in a bullish cycle. He dismisses fears of a bear market, emphasizing that BTC’s ongoing correction is typical in a bull run.

Bitcoin has yet to see a 30% decline from its all-time high (ATH), which would place it at $77,000. According to Young Ju, even if BTC hits this level, it wouldn't signal a bear market but rather a natural retracement before an upward continuation. This pattern aligns with historical bull market trends where significant corrections precede new highs.

Echoing this sentiment, former Binance CEO Changpeng Zhao reassures investors that there’s no reason to panic.

Currently, Bitcoin trades at $89,227.80, down 6.85% in 24 hours, with an earlier dip to $86,873.15 sparking concerns. However, trading volume has surged 210.90% to $75.81 billion, signaling increased market activity. Many investors view this as an accumulation phase, anticipating a price rebound.

Bitcoin had been on track to breach the $100,000 level before last week’s Bybit hack disrupted momentum. The aftermath has fueled price fluctuations, but investor confidence remains intact.

Market analysts highlight the coming days as critical for Bitcoin’s next move. If bullish momentum strengthens, sentiment across the crypto market could see a positive shift.

With BTC volatility high and trading activity surging, investors continue monitoring key support and resistance levels for potential breakout signals.