Bitcoin Rally Slows as Traders Take Profits, Analysts Signal Consolidation Ahead

2025-07-01 09:49:15

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Description

After dropping to its year-to-date low of $73,273 on April 9, Bitcoin has surged nearly 41% to $107,380, data from CoinMarketCap shows. However, analysts at Bitfinex noted on Monday that, for the first time during this uptrend, “momentum has begun to fade.” The report pointed out that onchain metrics and order flow data suggest Bitcoin might now be heading into a period of consolidation or reaching a local top, instead of continuing its “vertical acceleration.” Spot volume has cooled, taker buy ...

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