Bitcoin (BTC) Summer Rally Shelved! Analysis Firm Points to This Month for Rally!

Bitcoin broke a new record in recent weeks, exceeding $ 111,000. However, the BTC, which has withstood a good decline well, is now moving within a specific domain.

At this point, while the increase expectations are decreasing, the issue “Will there be a summer gathering in BTC and Altcoins?” It comes in the foreground with the arrival of the summer months.

Analyzing the current situation of Bitcoin, QCP Capital said that investors had stopped their expectations in September.

Analysts stated that bitcoin fluctuation has decreased with the market showing signs of fatigue, and that volatility has reached its lowest annual levels as the BTC price movement remains stuck in a specific range.

Analysts said that historical data indicates that bitcoin fluctuations may decrease more by July, and that the price may also decrease.

Analysts have warned that Bitcoin price may decrease sharply as there is no clear ups in the horizon and the failure of recent total events in generating momentum.

QCP analysts also indicated that investors are postponing the bills, prompting the July options to September.

Analysts say that without a break more than $ 110,000 or less than 100,000 dollars, Bitcoin is likely to remain in its current range.

All eyes will be on CPI and PPI data in the United States that will be released this week to obtain any upward or bottom movements in Bitcoin.

“It is possible that the clean, less than $ 100,000 or more than $ 110,000 is restored to the wider market interest, but we currently do not see any clear stimuli in the short term to pay such a step.

So we expect Bitcoin to move within a specific range.

Investors are also not sure of Bitcoin movements. Options also flow this frequency last week. We have seen expectations of the July summit that was postponed until September.

The main events to watch this week: US CPI on Wednesday, PPI, USA, on Thursday, unemployed demands

*This is not an investment advice.