Is the Bitcoin Uptrend Over? Analysts See Momentum Waning After 3-Month Surge
2025-07-01 07:39:37
Main Idea
Bitcoin's recent rally momentum is fading as traders take profits, with analysts noting a slowdown in buy pressure and historical trends suggesting Q3 may be a weaker period for BTC.
Key Points
1. Bitcoin’s rally momentum is fading as traders who bought below $80,000 take profits, leading to a slowdown in taker buy pressure.
2. The price of Bitcoin rose from $73,273 on April 9 to $107,380 at publication, but profit-taking has intensified, particularly among sub-$80K buyers.
3. Q3 is historically Bitcoin’s weakest quarter, characterized by low volatility and slower-moving markets.
4. Attention is turning to the Federal Reserve’s July 30 meeting, with markets assigning a 19% chance of an interest rate cut.
5. Some analysts remain optimistic, with projections of Bitcoin reaching $130K and long-term holder selling being a key factor in market movements.
Description
The Bitcoin rally, which has lifted prices more than 40% since early April, may be running out of steam as analysts flag weakening momentum and rising profit-taking. Key Takeaways: Bitcoin’s rally momentum is fading as traders who bought below $80,000 take profits. Analysts say Bitcoin’s next move will depend on macro factors like Fed rate decisions. Despite short-term uncertainty, key support levels remain strong, and some experts see potential for a breakout. Bitfinex market strategists said M...
Latest News
- [LIVE] Crypto News Today: Latest Updates for July 10, 2025 – Bitcoin Breaks New All-Time High at $112,000, Ethereum Up 7%2025-07-10 04:23:22
- Digital Assets Are Not Going Away, Senator Tim Scott Says2025-07-10 03:04:28
- Hong Kong Draws Stablecoin Applications from Over 40 Major Firms2025-07-10 00:38:37
- USDT Prices Surge in Argentina as Dollar Demand Spikes2025-07-09 23:34:49
- Bitcoin Price Prediction: Fed Flags Tariff Inflation as BTC Hits $112K2025-07-09 22:12:59