According to a cryptographic analyst, Bitcoin may enter the side move after a court decision in the case of US President Donald Trump, but it is not necessarily a bear signal.
“While a recent increase to over USD 111,000 was worthy of attention, the current price campaign suggests a phase of consolidation, not a approaching breakthrough,” said Cointelegraph, founder Nick Forster, Nick Forster.
Bitcoin consolidation
Forster argued that the consolidation phase can be a “healthy pause” before the next “significant upward movement”. He said that this break would give “market time to digest recent profits and preparing for the next phase.”
Bitcoin (BTC) has increased by 11.59% in the last 30 days, reaching a novel highest level of all time in the amount of USD 111,970 on May 22, before it went back to around USD 105,976 at the time of publication, According to For Coinmarketcap data.
The next phase can be uncertain. Bitcoin Sminston from BTC can gain 100% to 200%, at the top of the cycle from 220,000 to 330,000 USD. Meanwhile, Crypto Trader APSK32 said that Bitcoin will reach USD 220,000.
Forster said that the decision of the US International Court on May 28 to block the wide Trump tariffs, because he exceeded his authority, means that “direct concern for inflation induced by trade was softened.”
However, the Court of Appeal for the Federal District ruled on May 29 that Trump could temporarily continue its tariff system in accordance with the Act on rescue rights, when he refers to a commercial court decision.
Forster added that the next decision of the US reserve rate on June 18 “will be crucial”.
Q3 may surprise this year
Forster said that although the third quarter was a historically “weaker period” for Bitcoin, it could be a different scenario in 2025.
“The potential of favorable regulatory changes and further institutional interest can support stronger results in Q3,” said Forster.
From 2013, Bitcoin obtained an average escalate of 6.03% in the third quarter, while Q4 was the strongest quarter, providing an average return of 85.42%, According to For Coumingss data.
Related: Bitcoin can reach 200,000 USD in 2025
Forster also pointed to a significant number of ETF Bitcoin inflves that were not reflected in the spot price.
“Despite significant inflows to ETF Bitcoin, in particular over 6.2 billion dollars on Blackrock Bitcoin Trust in May, the price of Bitcoin did not increase,” said Forster.
In the very May -May weekly week, ETF Spot Bitcoin registered a total of $ 2.75 billion in the influx.
“This phenomenon can be attributed to the nature of ETF investments, which often include institutional investors seeking exhibitions without directly impact on market prices,” he added.
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This article does not contain investment advice or recommendations. Each investment and commercial movement involves risk, and readers should conduct their own research when making decisions.
