Analysts from the financial platform Matrixport stated that Bitcoin's price has no remaining catalysts for growth, and the next two months may pass quietly — at least until September 17, when a meeting of the Federal Reserve's Open Market Committee is scheduled.
According to experts from Matrixport, there are currently no strong drivers for the growth of Bitcoin prices. This situation creates risks of sharp profit-taking, especially under conditions of reduced liquidity and seasonal decline in interest from traders.
"August and September are historically considered the weakest months of the year," says a publication on Matrixport's page on X.
The main factor that could change the picture is uncertainty regarding taxes in the US. It could become a 'hidden macro-driver' for the first cryptocurrency, but the effect may only manifest after a few months.
Despite moderately negative expectations for August-September, Matrixport points to sustained interest from large investors and the activation of exchange crypto funds. These factors are capable of supporting the market in the long term and becoming the basis for the next phase of Bitcoin's growth in October, experts at Matrixport believe.
Previously, analysts from trading company QCP Capital suggested that if the US dollar's exchange rates rise, investors will start to get rid of high-risk assets, including the first cryptocurrency.
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