Why one Bitcoin on-chain analyst is flipping bearish on BTC price, for now

Cointelegraph

Published Jan 24, 2021 08:13AM ET

Updated Jan 25, 2021 10:20AM ET

Ki Young Ju, the CEO at CryptoQuant and an on-chain analyst, says Bitcoin (BTC) is neutral to short-term bearish for the time being.

There are two major indicators that have been useful in spotting trend reversals in the ongoing bull cycle.

BTC: Coinbase Premium Index (blue). Source: CryptoQuant
Stablecoin inflows. Source: CryptoQuant
Bitcoin price chart with key lines. Source: TradingView.com, CJ

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