Bitcoin News
By Steven Anderson
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Derivatives Market Shows Divergence in Sentiment. Despite Bitcoin’s recent rally, options data from analytics firm Glassnode reveals underlying…
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Summer Could Slow Momentum. Historically, summer months have not been kind to Bitcoin.
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Polymarket Predicts a Breakout. One bullish narrative gaining traction is the high probability of a new ATH in Q3.
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Technical Setups Show Promise. From a charting perspective, Bitcoin is showing early signs of building bullish momentum.
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Balancing Optimism with Realism. While there’s growing excitement about Bitcoin potentially breaking new records, traders are also…
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Conclusion. Bitcoin’s recent price action has reignited the debate over whether a new all-time high is within…
7 / 15
Bitcoin’s impressive climb back above $108,000 has reignited bullish hopes for a new all-time high (ATH) in the coming quarter.
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The price of Bitcoin surged nearly 10% mid-week, reaching $108.2K after geopolitical tensions eased between Israel and Iran.
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In other words, even with Bitcoin climbing steadily, the options market continues to price in risk over the coming months.
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Historically, summer months have not been kind to Bitcoin. According to data from CoinGlass, Q3 has consistently ranked as the weakest quarter for BTC performance.
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However, it’s not all bleak. July has traditionally been an outlier within the quarter, averaging a 7.5% return.
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Analysts warn that while Bitcoin may push higher in July, it must contend with seasonal headwinds and reduced volume that could cap any upside.
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One bullish narrative gaining traction is the high probability of a new ATH in Q3. On Polymarket, a popular prediction platform, over 85% of traders are betting that Bitcoin will…
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This sentiment is echoed by independent analysts such as Stockmoney Lizards, who forecast a move toward $115,000 by August.
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From a charting perspective, Bitcoin is showing early signs of building bullish momentum. After reclaiming the $108K level, it now faces key resistance at $110K and then again…
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