Bitcoin to Reach $135,000 in This Cycle

CryptoQuant CEO Ki Young Ju has revised his Bitcoin forecast, now predicting the cryptocurrency could reach $135,000 in this market cycle. He believes the leading cryptocurrency could hit $112,000 by the end of 2024.  

However, he warned of potential corrections due to the futures market being "excessively leveraged":  

 

"Maintain a long-term bullish outlook, but be cautious with leverage if you're a trader. […] We're in a bull market, and Bitcoin is set to rise."