Bitcoin set for ranged trading as Q3 begins: Bitfinex
2025-07-01 12:55:47
Main Idea
Bitcoin's price is consolidating near $107,000 after a positive run, with analysts predicting a potential range-bound trading phase in Q3 2025, influenced by reduced on-chain and derivatives activity.
Key Points
1. Bitcoin's price is hovering near $107,000, signaling consolidation after recovering from lows of $84,000.
2. Bitfinex analysts predict a potential range-bound trading phase in Q3 2025, with a breakout above $110,000 possible but not guaranteed.
3. On-chain and derivatives activity has slowed, despite the market flushing out excess leverage.
4. Key support levels for Bitcoin include $100,000 and the short-term holder’s realized price at $98,700, which may attract dip buyers.
5. Analysts suggest that strong ETF flow momentum or a breakout in global liquidity could be necessary for a significant price surge.
Description
Bitcoin price hovers near $107,000 as the benchmark digital asset signals further consolidation following a largely positive run from lows of $84k seen in April. Bitfinex analysts, sharing their outlook for Bitcoin ( BTC ) in the next quarter, say the struggle for a breakout to $110,000 or higher in recent weeks signals a potential consolidation phase in Q3, 2025. Analysts at the crypto exchange noted this in the Bitfinex Alpha report published on Monday, June 30. Notably, BTC is experiencing a ...
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