According to an analyst by Crypto, Bitcoin may enter the period of the movement in a period of sideways after the court’s decision on the tariff of US President Donald Trump, but it is not necessarily a sign of a recession.
“While the recent growth of more than $ 111,000 was remarkable, the current price action suggests a phase of consolidation rather than an adjacent breakout,” the founder of the Onchain option protocol told cointelegraph.
Bitcoin consolidation market will help in “digesting recent benefits”
The Founder argued that a consolidation stage could be a healthy stagnation before another “significant upward movement”. He said that this break will “give the market time to digest recent benefits and gear for the next phase.”
Bitcoin (BTC) is 11.59% above the last 30 days, a new all-time of $ 111,970 reached high on 22 May before pulling back by about $ 105,976 at the time of publication, reaching back to high, before pulling back by about $ 105,976, According For coinmarketcap data.
What can be the next phase is uncertain. Bitcoin researcher Sminstone said that BTC could get 100% to 200% with a cycle peak between $ 220,000 and $ 330,000. Meanwhile, the Crypto trader APSK32 stated that a more appropriate target for 2025 reaches $ 220,000 to bitcoin.
The Founder said that the US Court of International Trade’s decision to block Trump’s sweeping tariff on May 28 as he more than his rights means “immediate concern for business-inspired inflation has been reduced.”
However, the appeal for the Federal Circuit ruled on May 29 that Trump may continue temporarily with his tariff regime under an emergency powers’ law, while he appeals to the decision of the business court.
The Founder said that on June 18, the next interest rate of the US Federal Reserve will be “important.”
Q3 may be surprised this year
The Founder said that while the third quarter historically has been a “weak period” for bitcoins, it could be a different scenario in 2025.
The Founder said, “The capacity for favorable regulatory development and constitutional interest can support the strong performance in Q3,” the Founder said.
Since 2013, Bitcoin has gained 6.03% in Q3, while Q4 is historically its strongest quarter, which provides an average return 85.42%, According For coinglass data.
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The Forceter also pointed to the significant amounts of spot bitcoin ETF inflow, which is not reflected in the spot price.
“Despite the significant flow in Bitcoin ETF, exceeding $ 6.2 billion in Blacrock’s Ishras Bitcoin Trust, especially in May, did not experience the increase in the price of bitcoin,” said the Founder.
In the trading week ended on May 23 alone, Spot Bitcoin ETFS recorded a total of $ 2.75 billion inflow.
He said, “This phenomenon can be attributed to the nature of ETF investments, often included institutional investors seeking exposure without immediate effect on spot market prices,” he said.
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There are no investment advice or recommendations in this article. Each investment and business move include risk, and readers should conduct their own research while taking decisions.
