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Bitcoin analysts turn bearish, but Cryptoquant CEO remains bullish, predicting a rebound near $70,000.

Analyst Insights
20 Jun 2026
Bitcoin
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Bearish
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Cryptoquant CEO Ki Young Ju highlights a shift among top bitcoin analysts who have turned bearish after Bitcoin's price dropped about $25,000 since the start of 2026. Despite this, he remains one of the few bullish voices, expecting a recovery to around $70,000. He warns that the current slump may continue into early 2027 due to a lack of unrealized profits needed for a strong rally. Ju also cautions that prolonged stagnation, or "market boredom," poses a greater risk than a sharp crash, potentially leading to diminished investor interest and slower market activity.

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