{"id":11719,"date":"2024-02-12T10:45:05","date_gmt":"2024-02-12T10:45:05","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=11719"},"modified":"2024-02-12T20:10:59","modified_gmt":"2024-02-12T20:10:59","slug":"cryptoquant-ceo-predicts-bitcoin-price","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/cryptoquant-ceo-predicts-bitcoin-price\/","title":{"rendered":"CryptoQuant CEO Predicts Bitcoin Price"},"content":{"rendered":"<div>CryptoQuant CEO Ki Young Ju stated that Bitcoin could experience a huge bull season in 2024, stating that even in the worst case scenario, Bitcoin could reach $55,000, but the price forecast is $112,000.<\/div>\n<h2><span style=\"font-size: 75%;\">CryptoQuant CEO Believes Bull Season in 2024<\/span><\/h2>\n<div>With <a href=\"https:\/\/coinengineer.net\/blog\/bitcoin-flashes-bullish-signals\/\">Bitcoin<\/a> approaching the $50,000 mark, Ki Young Ju, CEO of CryptoQuant, said Bitcoin could hit $112,000 this year. In his analysis, Ju, who attributed this output to the flow from ETFs, said, &#8220;I think Bitcoin could rise to $112,000 this year due to the impact of ETFs. In the worst case scenario, I estimate that the price could be $55,000.&#8221;<\/div>\n<div><\/div>\n<div>\n<p>After the approval of <a href=\"https:\/\/coinengineer.net\/blog\/famous-analysts-bitcoin-bull-season-prediction-surprises\/\">Bitcoin<\/a> spot ETFs, a total of 2.7 billion dollars of net investment has been made in the funds that have been opened for trading so far. Friday, in particular, was one of the notable days in this respect. On February 9, the BlackRock ETF received a net inflow of $250 million and the Fidelity ETF received a net inflow of $188 million. Daily net inflows totaled $541 million, the highest level since the $628 million inflows seen on January 11, the first day ETFs opened for trading. So far, Bitcoin ETFs have received a total of $32 billion worth of BTC, equivalent to 3.4% of Bitcoin&#8217;s total supply.<\/p>\n<hr \/>\n<div>\n<p><em class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">You can freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Telegram<\/strong>,<\/a>\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">YouTube<\/strong><\/a>,\u00a0and\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/twitter.com\/coinengineers\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Twitter<\/strong><\/a> channels for the latest news and updates.<\/em><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>CryptoQuant CEO Ki Young Ju stated that Bitcoin could experience a huge bull season in 2024, stating that even in the worst case scenario, Bitcoin could reach $55,000, but the price forecast is $112,000. CryptoQuant CEO Believes Bull Season in 2024 With Bitcoin approaching the $50,000 mark, Ki Young Ju, CEO of CryptoQuant, said Bitcoin<\/p>\n","protected":false},"author":6,"featured_media":10308,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[61,1766,4327,3939,3289,4328],"class_list":["post-11719","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-btc","tag-blackrock-etf","tag-cryptoquant","tag-fidelity","tag-ki-young-ju"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>CryptoQuant CEO Predicts Bitcoin Price - Coin Engineer<\/title>\n<meta name=\"description\" content=\"CryptoQuant CEO Ki Young Ju stated that Bitcoin could experience a huge bull season in 2024. CEO believes price go up to $112.000 .\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/cryptoquant-ceo-predicts-bitcoin-price\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CryptoQuant CEO Predicts Bitcoin Price - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"CryptoQuant CEO Ki Young Ju stated that Bitcoin could experience a huge bull season in 2024. 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