Bitfinex Forecasts a Slower Q3 Despite Bitcoin's Bullish Trend Remaining Unbroken

Since May 8, Bitcoin (BTC) has been stuck in a $100,000 to $110,000 range, suggesting a lack of control by either bulls or bears. This consolidation trend is expected to continue as we enter Q3, which has historically been BTC's weakest quarter, according to Bitfinex Alpha. The report also suggests a poor performance for BTC in the next three months.

The slowdown in Bitcoin's momentum marks the first significant one since April 9 due to fear from escalating tariffs and geopolitical uncertainty. Despite this, the broader market structure remains healthy, and BTC could either enter a correction phase or continue with sideways reaccumulation. If spot volume remains low and profit-taking intensifies, a significant decline could be triggered. However, persistent demand from US exchange-traded funds could sustain an upward trend.