What Does the Pullback in Bitcoin Tell Us? What to Expect from BTC Next? Experienced Analyst Evaluated!

As Bitcoin (BTC) falls to $105,000 after hitting a record high of $111,000, investors are wondering whether this is a healthy pullback or a turning point that could lead to further declines. While there are many predictions at this point, Derive founder Nick Forster stated that the pullback is healthy and that recent movements show that Bitcoin has entered a consolidation phase rather than a downward trend. Nick Forster noted that Bitcoin’s current consolidation will give the market time to digest recent gains before it enters a new uptrend. Stating that this consolidation phase will prepare Bitcoin for the next rise, the analyst stated that it is healthy and not a bearish signal. “While the recent rally above $111,000 in Bitcoin is noteworthy, the current price action suggests a consolidation phase rather than an imminent uptrend or downtrend. “Such a consolidation phase would be healthy ahead of another significant rally and would give the necessary time to prepare for the next rally.” Forster said that according to historical data, the third quarter was a weak period for Bitcoin, but argued that a different scenario could occur in 2025. “Historically, Q3 is seen as a bearish period, but this year, with positive factors such as regulatory changes and increased institutional inflows, Bitcoin has the potential to deliver exceptional and surprising performance in Q3. At this point, the FED’s interest rate decision on June 18 could be a critical and important turning point for the market.” *This is not investment advice. Continue Reading: What Does the Pullback in Bitcoin Tell Us? What to Expect from BTC Next? Experienced Analyst Evaluated!

Source: BitcoinSistemi