CryptoQuant CEO and Chinese Analyst Declare "Bitcoin Bear Market is Over," Revealing Their Expectations!

cryptonews.ruPublicado a 2026-08-21Actualizado a 2026-08-21

Resumen

Bitcoin and other cryptocurrencies have seen a significant price surge recently, with Bitcoin rising from around $63,000 to over $79,000, marking an approximate 23% increase since August 19th. This rally is attributed to short liquidations and increased spot market demand, reviving positive market sentiment. Ki Young Ju, CEO of CryptoQuant, asserts that Bitcoin's bear market has effectively ended. He interprets the recent strong recovery as a sign of market resilience and a potential bottom, though he acknowledges a short-term correction is still possible. Echoing this view, Jack Yi, founder of LD Capital, states that Bitcoin's bear market is officially over. His technical analysis points to Bitcoin decisively crossing key moving averages on daily and weekly charts. He believes the drop from $126,000 to $57,000 represents the final bottom, making a return to $50,000 unlikely. While expecting the uptrend to continue for about two more weeks, both analysts warn of a likely correction thereafter and caution leveraged investors about associated risks. *This is not investment advice.

In recent days, Bitcoin and altcoins have experienced significant growth. Bitcoin, which started the week around $63,000, continued its rapid rise, climbing above $79,000.

Since August 19, the value of $BTC has increased by approximately 23%, largely attributed to short liquidations and increased demand on spot markets.

This rally has brought positive sentiment back to the market, while some analysts claim the bear market may have ended.

Has the Bitcoin Bear Market Really Ended?

Accordingly, CryptoQuant CEO Ki Young Ju asserts that the Bitcoin bear market has, in fact, ended.

The well-known CEO stated that Bitcoin's recent recovery indicates the market remains strong and the $BTC trend is robust, suggesting the bear market may indeed be over.

Ju also added that in a bear market, such a recovery is often seen as a sign that a bottom has been reached.

However, Ju noted that a short-term correction is still possible, adding that the resilience of the current price movement is a positive signal for Bitcoin.

"$BTC looks strong here. Similar rallies in bear markets typically signal a bottom has been reached."

We might see a small pullback, but the bear period is mostly over.

In addition to the CryptoQuant CEO, Jack Yi, founder of LD Capital, also assessed the situation as the official end of the Bitcoin bear market.

Jack Yi, in a statement from his X account, noted that $BTC has clearly crossed the 120-day and 200-day moving averages on the daily chart, as well as the 20-week moving average on the weekly chart, concluding that the bear market has officially ended.

Yi stated that the price increase could continue for another two weeks, but a correction is likely after that.

At this stage, Yi stated that Bitcoin's approximately 56% drop from $126,000 to $57,000 represents the final low, and a return to the $50,000 level is unlikely. However, maintaining his bullish stance, Yi warned investors, especially those using leverage to open long positions, of the risk of a potential correction.

*This is not investment advice.

end-content

Preguntas relacionadas

QAccording to the article, who claims that the Bitcoin bear market has ended?

AKi Young Ju, the CEO of CryptoQuant, and Jack Yi, the founder of LD Capital, both state that the Bitcoin bear market has ended.

QWhat specific technical indicators did Jack Yi mention to support his conclusion about the bear market ending?

AJack Yi mentioned that Bitcoin crossed the 120-day and 200-day moving averages on the daily chart, as well as the 20-week moving average on the weekly chart, leading him to conclude the bear market is officially over.

QWhat potential risks did the analysts mention despite their bullish outlook on Bitcoin?

ABoth analysts warned that a short-term correction or pullback is still possible. Ki Young Ju noted a short-term correction is possible, and Jack Yi warned leveraged long-position investors about the risk of a potential correction.

QApproximately what was the price increase of Bitcoin mentioned from August 19th in the article?

AThe price of Bitcoin increased by approximately 23% from August 19th.

QWhat price range does the article describe as representing the 'final bottom' for Bitcoin's recent drop?

AThe article states that the drop from $126,000 to $57,000, representing a fall of about 56%, is considered the final bottom, making a return to the $50,000 level unlikely.

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