Bitcoin could record a market top in the coming months if the cycles continue to resemble each other. This bearish scenario could happen if demand does not increase for spot ETFs.

J. Powell's speech has been positive for cryptocurrencies, as it opened the door to a rate cut for September. Furthermore, even though the price of BTC has dropped below $112,000, it still seems to be in good on-chain and technical conditions. We provide an update on the situation of the king of cryptos in today's bulletin!