Bitcoin has rebounded to trade at $117,656, reflecting a 0.89% increase over the past 24 hours.
Analysts and traders are highlighting the significance of the next six weeks for the cryptocurrency market. Veteran trader Peter Brandt has emphasized the potential for significant price movements during this period, urging market participants to maintain vigilance.
This focus comes amid indications that Bitcoin’s historical pattern of significant corrections, sometimes as deep as 70-80%, could be undergoing a structural shift.
Concurrently, institutional involvement continues to grow, evidenced by substantial inflows into the spot Bitcoin and Ethereum exchange-traded funds (ETFs) offered by major asset managers like BlackRock and Fidelity.