## Bitcoin (BTC) Momentum Slows Down Bitfinex analysts report a weakening in Bitcoin's (BTC) upward momentum, signaling a potential shift towards a sideways trading pattern. This marks the first significant deceleration since the April rally. According to CoinTelegraph, the analysts stated that while BTC has surged 41% since April, a sharp, continued rise is unlikely in the short term. They anticipate a period of sideways movement. ## Declining Spot Trading Volume and Profit-Taking The report highlights decreasing spot trading volume as a key indicator of weakened buying pressure. Furthermore, short-term holders who purchased Bitcoin below $60,000 are increasingly taking profits, contributing to the reduced upward momentum. This profit-taking activity adds selling pressure to the market. The analysts suggest traders should be prepared for continued volatility and consolidation around current price levels. ```

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