Bitprismia

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...

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