Some experts believe that Bitcoin has finished its current rally and that a bearish movement is currently in order.
Some profits will be possible, but we will have to wait several months for the next major bullish movement.
The price of BTC is struggling to exceed $110,000 and is stagnating around $108,900, dangerously close to breaking its bullish trend line established since April. Additionally, Nvidia's quarterly results, which have always boosted the crypto market, may see their effects canceled by the monthly publication of FOMC discussions, which are expected to be negative.
On their part, some analysts are playing the card of caution for the third quarter. According to them, Bitcoin has entered a phase of short-term stabilization, with a significant number of recent holders having liquidated their positions.
Another factor suggesting that the return of the rise will not be immediate: the third quarter has always been the least performing for BTC. However, it would be an opportunity to accumulate in anticipation of the next rebound that will reward the most patient.
BUT WHEN WILL THE NEXT RALLY HAPPEN?
We will have to wait, but one thing is certain: the bull market is far from over! Bitcoin traders are currently raking in average profits of 27%, still far from the 40% that accompany the peak of the bullish cycle.
The question is: but when will the next rally occur? On this, experts agree that the next big rise will happen in September, as shown by the recent daily golden cross formed yesterday, but also by previous stabilizations. But this time, no stagnation! With Bitcoin ETFs accumulating and governments or companies wanting to buy, it seems likely that the rise will be smooth until the next rally. Profits will therefore be on the agenda.
Thank you to all the readers.#BTC