{"id":130134,"date":"2025-05-28T03:15:33","date_gmt":"2025-05-28T03:15:33","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=130134"},"modified":"2025-05-28T03:15:33","modified_gmt":"2025-05-28T03:15:33","slug":"bitcoins-aggressive-leg-higher-in-q3-still-up-in-the-air-analyst","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=130134","title":{"rendered":"Bitcoin\u2019s \u2018aggressive leg higher\u2019 in Q3 still up in the air: Analyst"},"content":{"rendered":"

Source: Cointelegraph.com NewsBitcoin\u2019s recent all-time high of $111,970 has sparked optimism among crypto market participants, but whether that carries through into the third quarter of this year remains uncertain, analysts say.
\n\u201cThe coming weeks will likely determine whether Bitcoin\u02bcs latest breakout was a local high or the prelude to a more aggressive leg higher in Q3,\u201d Bitfinex analysts said in a May 28 markets note.
\nConsolidation or mild retracement may \u201cbe healthy\u201d
\nBitcoin (BTC) reached new all-time highs of $111,970 on May 22, however, Bitfinex analysts say a continued price increase alone won\u2019t necessarily confirm the uptrend heading into the next quarter.\u00a0
\n\u201cA period of consolidation or mild retracement would not only be healthy but also provide a more sustainable foundation for the next leg higher,\u201d the analysts said.
\nIt isn\u2019t unusual for Bitcoin to consolidate for an extended time after reaching all-time highs. After Bitcoin reached a high of $73,679 in March 2024, it swung within about a $20,000 range until Donald Trump was elected US president that November.
\nThe third quarter of the year has, on average, been Bitcoin\u2019s worst-performing quarter since 2013, with an average return of just 6.03% over the past 11 years, according to CoinGlass data. The next worst quarter on average is Q2, which has historically posted a stronger average return of 27.25%.
\nQ4 has been the best-performing quarter on average for Bitcoin since 2013. Source: CoinGlassThe analysts said that Bitcoin had entered a \u201cshort-term range-bound phase,\u201d with a significant amount of short-term holders \u2014 those holding Bitcoin for under 155 days \u2014 selling off their positions over the past 30 days.
\n\u201cWith over $11.4 billion in short-term holder profits realized in the past month, the near-term supply overhang is expected \u2014 but so is structural demand. According to Bitbo data, the short-term holder realized price for Bitcoin was $95,781, while Bitcoin was trading at $108,929 at the time of publication.\u00a0
\nThis represents an average profit of 13.72% for short-term holders.
\nRelated: Bitcoin profit taking lingers, but rally to $115K will liquidate $7B shorts
\nBitfinex\u2019s analysts said that Bitcoin\u2019s ETF \u201cbid strength,\u201d low volatility and Bitcoin\u2019s spot premium all signal a maturing market \u201cpoised for eventual continuation once macro clarity improves.\u201d
\nThe trading week ending May 23 saw around $2.75 billion flow into spot Bitcoin ETFs.
\nSpot Bitcoin ETFs in the US saw approximately $2.75 billion in inflows between May 19 and May 23. Source: FarsideCrypto investors will be watching the US Federal Reserve\u2019s next interest rate decision on June 18 for more clarity on the macro environment. The Fed kept rates steady at 4.25% to 4.50% in May.
\nBitcoin reaching new highs earlier this month was an event several crypto pundits predicted would happen earlier this year. On March 7, Swan Bitcoin CEO Cory Klippsten said there was a 50% chance Bitcoin would reach new highs before June.\u00a0
\nSimilarly, Real Vision chief crypto analyst Jamie Coutts said Bitcoin may hit \u201cnew all-time highs before Q2 is out.\u201d
\nMagazine: AI cures blindness, \u2018good\u2019 propaganda bots, OpenAI doomsday bunker: AI Eye
\nThis article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"

Source: Cointelegraph.com NewsBitcoin\u2019s recent all-time high of $111,970 has sparked optimism among crypto market participants, but whether that carries through into the third quarter of this year remains uncertain, analysts… <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/130134"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=130134"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/130134\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=130134"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=130134"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=130134"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}