The Bitcoin price has been cooling off on low timeframes, while the altcoin markets take advantage to trend higher. The top cryptocurrency has been struggling as major holders take profit at BTC’s current level. Related Reading: Altcoin Season Index Spikes Above 30, But Bitcoin Dominance Remains High, What Next? At the time of writing, the Bitcoin price trades around $118,800 with a 2% gain over the last 24 hours and a 9% gain over the past week, according to data from CoinGecko. Conversely, Ethereum, XRP, and Dogecoin have seen gains north of 16% on similar timeframes. BTC's price trends to the upside on the daily chart. Source: BTCUSD on Tradingview Bitcoin Price At Critical Levels, More Gains On The Horizon Following a major upside push from below $100,000, the Bitcoin price broke a persistent downtrend and managed to hit a fresh all-time high close to its current levels. As mentioned, a report from on-chain analytics firm Glassnode claimed an increase in profit taking from short-term holders. As these players exited the market, taking over $3.5 billion in profits in just 24 hours, the Bitcoin price lose steam and began moving sideways. While Bitcoin has been on a violent bull run, there are still fears of a major pullback from the $118,000 area to the support zone at around $110,000. However, a report from CryptoQuant, with data from top analyst Crypto Dan, suggests that the Bitcoin bull run still has some room for another leg up. As seen in the chart below, the current BTC market is nowhere near the overheated levels recorded in March and December of 2024. BTC's Realized Cap Age Bands as measured by UTXOs far from previous bear market levels. Source: Crypto Dan via CryptoQuant The CryptoQuant post stated the following, sharing an insight from Crypto Dan: (…) unlike in March and December 2024, on-chain data indicating market overheating shows that the market still hasn’t reached an overheated state. Despite the price rising even higher, the fact that overheating has significantly decreased compared to previous short-term peaks suggests that Bitcoin could continue to break all-time highs and rise significantly in the second half of 2025, leaving strong potential for growth. Bitcoin Bull Run Far From Over? In this context, and if bulls are able to sustain the momentum, Bitcoin is likely heading for higher. As NewsBTC covered earlier, a prediction from a top analyst claims that the levels of BTC adoption are unprecedented. Related Reading: This Fibonacci Level Puts The Dogecoin Price Above $10 This Cycle As such, the analyst said that the ‘real Bitcoin move’ is only about to begin. The analyst stated: I have a high degree of confidence that we’ll see $400k by the end of this year. This target might be too conservative. Cover image from ChatGPT, BTCUSD chart from Tradingview
In a post on 27 June, crypto-market chartist Dr Cat (@DoctorCatX) warned that Bitcoin’s ostensibly bullish weekly structure may be concealing a latent “time bomb” that could detonate if bulls fail to force a decisive breakout over the next three to four weeks. The technician’s diagnosis hinges on a classic Ichimoku paradox: an expanding bullish kumo and a flat Kijun Sen on the weekly timeframe are clustering with a constellation of bearish warnings on the daily and two-day charts. Bitcoin Faces A July Time Bomb “Look at the weekly kumo: it’s expanding, widening,” Dr Cat began. “This means that bullish momentum is building for potential trend sustainability even though the trend is not active as Kijun Sen is flat.” The observation is significant because an enlarging kumo—formed by the Senkou Span A/B envelope—generally represents thickening support, making sudden breakdowns statistically less probable as long as the cloud keeps widening. Related Reading: Is The Bitcoin Top In? Bitcoin MVRV-Score Has The Answer At the same time, the Chikou Span (CS) is “above the candles without a gap,” but, Dr Cat cautioned, it has “4 weeks deadline to close above ATH or will enter the candles.” Should the lagging line be absorbed back into price, the textbook interpretation is a loss of bullish conviction at the largest visible scale. That ostensibly constructive weekly backdrop contrasts starkly with a “lot of red flags on the daily hinting for a bearish scenario which can escalate on many levels.” Among those alarms is the prospect of a death TK cross on the two-day chart, anticipated “tonight,” in which the Tenkan Sen slips below the Kijun Sen—often the prelude to a down-leg when it materialises beneath the cloud. “So how do you interpret such conflicting information from different timeframes?” the analyst asked rhetorically, underscoring that traders who privilege only a single interval risk being blindsided. Dr Cat’s answer is a roadmap defined by time. Because the weekly cloud continues expanding, “it is hard for the price to dump a lot” immediately; historically, the kumo “needs first to become flat.” The flattening mechanism is mechanical: if Bitcoin fails to record a fresh all-time high “in 2 weeks from now,” roughly by the week that begins 14 July, the leading Senkou Span A numerator will stop rising, truncating cloud expansion. That in turn opens a window for gravity to reassert itself on the higher timeframe. Against that backdrop the analyst offered two conditional trajectories. First scenario: bearish signals on the lower charts mature. “The price will likely need at least 1.5 month or so for a very big dump on the weekly scale, because the weekly kumo will keep expanding for 2 more weeks,” Dr Cat wrote. During that holding period the market could “range around / just do small dumps to the $90s,” a reference to the high–$90 000 zone that has defined range lows since late spring. Should this grind continue beyond the second half of July without a structural shift on daily Ichimoku metrics, weekly momentum would invert: the kumo would cease expanding and the CS would dive into prior candles, removing two of the most durable layers of longer-term support. Related Reading: Top Analyst Predicts New Bitcoin Peak Timeline And ‘Double Cycle Blowoff’ Second scenario: bulls seize the initiative. To “save the chart from the warning signs,” buyers must engineer “a higher high above the $110,600 high shortly after the 27th of June,” thereby invalidating the bearish daily setup and re-energising the top-down trend. Time is critical: after “the week starting on 14th of July,” the CS will approach prior candlesticks, making each subsequent failure to print a new high proportionally more damaging. Dr Cat locates a final decision node on “the Sunday of the week starting on the 14th of July”—20 July—when the interplay between a stalling cloud and an in-candle CS could arm an additional set of “red flags for bulls.” The post stops short of assigning explicit probability weightings to either outcome, but its construction implies that the market’s most consequential catalyst in mid-summer may not be macro data or ETF flows so much as a self-reflexive technical countdown visible to every chart-watcher who uses Ichimoku. With roughly three weeks remaining before the cloud loses upward curvature, participants must choose between forcing a breakout above $110,600 or bracing for a higher-time-frame correction that could test sub-$100 000 territory. Whether Bitcoin’s expanding cloud proves a shield or a trap is, by Dr Cat’s own framing, “hidden in plain sight.” For now, the bullish weekly silhouette buys bulls breathing-room, but the daily and two-day warnings ensure that every hour the asset trades side-ways the theoretical time bomb ticks louder. At press time, BTC traded at $106,778. Featured image created with DALL.E, chart from TradingView.com
The Bitcoin price and the crypto market remain under pressure as the sector enters a low volatility period. While a lot of traders were expecting a big move yesterday, following the US Federal Reserve (Fed) decision on rate cuts, the cryptocurrency held its current levels. Related Reading: Analyst Warns: Strategy On Track For Historic Collapse, Bigger Than FTX Despite the relative resilience in the top crypto and other cryptocurrencies, the Bitcoin price is showing signs of potential downside. At the time of writing, BTC trades at around $105,000 with a 2.3% decline over the past seven days. Bitcoin price moving sideways over the past 2 months as seen on the daily chart. Source: BTCUSD on Tradingview Bitcoin Price’s Stuck, But Not for Long? Analyst Daan Crypto shared insights regarding the current Bitcoin price action. The analyst believes that BTC has been compressing over the past weeks. In that sense, a lot of traders are expecting a spike in volatility. As seen on the image below, the Bitcoin price has been trading within a tight range form by its monthly high sitting at $110,600 and a monthly low at around $100,000. Within this range, there are two key levels to watch: the area between $109,000 and $103,000. A breakout or breakdown from this range might signal the return of volatility to the Bitcoin price action. Thus, the cryptocurrency might reclaim or return to either or the previously mentioned levels on higher timeframes. The analyst stated the following: BTC Still hanging around the $105K area which is the middle of the monthly range and right at the monthly open. Price has been compressing and it’s clear that the market is waiting for a big move to occur. The statistics still heavily favor a further displacement this week and especially this month. So keep an eye on these levels and play accordingly. Bitcoin price trading within a tight range on the 4 hour chart. Source: Daan Crypto via X Bitcoin Seasonality Might Shock Traders On a separate report, trading desk QCP Capital claims that the Bitcoin price might be affected by ‘summertime blues.’ In other words, the firm predicts a decline in volatility as institutions and traders exit the market over July and August. Related Reading: Bitcoin Channel Break Below $105,000 Sparks Panic, Analysts Predict Further Crashes QCP Capital claims that there are signs of this sluggishness affecting the market, including BTC’s implied volatility. This indicator is currently sitting below 40%. In addition with a hawkish Fed, the trading desk predicts more dull price action over the coming weeks and caution amongst operators: (…) the Fed held interest rates steady. But its stance remains hawkish. Inflation expectations are still elevated, with tariffs flagged as a key upside risk. The Fed prefers to “wait and see” until there is more clarity on inflation’s path. While some macro watchers expect softening labor and economic data to eventually push the Fed dovish, the current numbers say otherwise. Cover image from ChatGPT, BTC/USD chart from Tradingview
Bitcoin is range-bound ahead of key US data, with technicals suggesting a potential drop below $56,000.
Bitcoin has surged past the critical $65,000 resistance level following several days of bullish price action and growing optimism after last week’s interest rate cuts. This impressive move has excited analysts and investors, who are now speculating on even higher prices in the coming weeks. The recent rally, fueled by renewed confidence in the market, […]
Bitcoin price is stuck in a wide range, but multiple data points suggest this pattern is fast coming to an end.
Since last Friday, Bitcoin has seen a 4% retrace, following a strong 15% surge from its local lows. Despite this recent momentum, the market faces uncertainty and volatility as BTC trades below the crucial $60,000 level—a psychological mark that signals direction. Investors are watching closely to see whether Bitcoin can regain strength and break past […]
Bitcoin is trading around $57,500 after a volatile session sparked by the release of the CPI data. Amid the market turbulence, CryptoQuant’s on-chain and macro researcher Axel Adler shared an interesting observation about Bitcoin and mining stocks. Related Reading: Bitcoin (BTC) Analyst Expects $100,000 By December – Details According to Adler, a strong correlation exists […]
Bitcoin futures CME gaps have been filled by price every time over the past quarter, and over the weekend, another gap was formed near $54,000.
Bitcoin has just broken past the critical $60,000 mark, relieving investors and analysts concerned that losing this level might signal the end of the bull run. The market’s uncertainty is palpable, with some fearing that this $60,000 level retake is only a bull trap and the rally has run its course. However, fresh data from […]
Bitcoin could see a breakout to new all-time highs as soon as next month, but BTC must first tackle significant resistance around $59,500.
Bitcoin could see a breakout to new all-time highs as soon as next month, but BTC must first tackle significant resistance around $59,500.
Bitcoin traders anticipate a potential price drop below $60,000. Will dip buyers show up?
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