The “aggressive aggressive leg” of Bitcoin is still in the third quarter in the air: Analyst

Analysts say its highest level in Bitcoin is absolutely $ 111,970 that raised optimism among the participants in the encryption market, but whether this carries until the third quarter of this year is still uncertain.

“The coming weeks are likely to determine whether the latest outbreak in Bitcoin is the highest local or introduction to a more aggressive leg in Q3,” BitFinex analysts He said In the market note May 28.

Moderation or moderate retreat may be “in good health”

Bitcoin (BTCA new one has arrived at all High levels of 111,970 dollars on May 22ndHowever, BitFinex analysts say that continuous price increase will not necessarily confirm that the upward trend is heading to the next quarter.

Analysts said: “The period of monotheism or light decline will not only be healthy, but also provides a more sustainable basis for the upper leg.”

It is not customary for Bitcoin to be combined for a long time after reaching its highest levels. After Bitcoin reached $ 73,679 in March 2024, Slave in the range of about $ 20,000 Until Donald Trump was elected US President in November.

The third quarter of the year, on average, was the worst quarter of Bitcoin’s performance since 2013, with an average return of only 6.03 % over the past 11 years, According to To Coinglass data. The worst next quarter on average is the Q2, which historically recorded a stronger return of 27.25 %.

Analysts said that Bitcoin entered a “short-term stage”, with a large amount of short-term holders-those who carry Bitcoin for less than 155 days-sell their positions over the past thirty days.

“With more than $ 11.4 billion in the profit of a short-term holder that was achieved last month, it is expected that the offer will be expected to accumulate in the short term-but the structural demand. According to For Bitbo data, the short term holder realized that the price of Bitcoin was 95,781 dollars, while Bitcoin was trading at $ 10,929 at the time of publication.

This represents a average profit of 13.72 % for short -term holders.

Related to: Bitcoin’s profits, but the gathering to $ 115,000 will filter $ 7 billion shorts

BitCoin’s “Bitcoin”, low fluctuation, and PotCoin Propium, all indicate a maturity market “is prepared to eventually continue as soon as the macro is improved.”

The trading week ended on May 23, about 2.75 billion dollars Flow to the Bitcoin spot ETFS.

Crypto investors will monitor the interest rate of next United States on June 18 for more clarity on the total environment. The Federal Reserve remained fixed rates at 4.25 % to 4.50 % in May.

Bitcoin, which reached its highest new level earlier this month, had an event that would happen many encrypted critics earlier this year. On March 7, CEO of Swan Bitcoin Cory Klippsten said Access to the highest new levels before June.

Likewise, Jimmy Cots, the chief of real vision analyst in vision, said that Bitcoin may reach “new levels of all times before the departure of Q2”.

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