Was $ 109K in January a local top for Bitcoin price? Is that a peak of this bull run? You can study altcoins as you like, these are hot crypto questions today.
The analytic platform 'Cryptonary' weighs the situation around the price of Bitcoin and if the BTC can break the new ATH soon.
Bitcoin is likely to trade in the sideways to September
Bitcoin is now trading around $ 95,544. As with the cryptonary examination, the market is likely to remain ranges between $ 85,500 and $ 98,920 until late July. The movement of these sideways is highlighting their chart as an orange box. During this time, we can see BTC sinking into a low $ 80k area before any significant move.
RSI indicators currently display reading 59.48 (close) and 47.63 (open). These numbers suggest a neutral in a slightly bullish perspective, which fits the prediction of a phase of integration.
Bitcoin has a major support around $ 71,825- $ 71,855. The main level of resistance is to sit at $ 98,920. Breaking this resistance is required for any major ascending movement.
The main reason for the expected sideways trading is uncertainty about Trump's policies. BTC's recent rally occurred slightly out of fear Trump's trade policies eased. However, there is still a risk of a 10-15% flat tariff. If implemented, these tariffs can cause inflation increased. Higher inflation hurts consumers' spending and corporate income.
Also read: Cardano (ADA) hits $ 10? Charles Hoskinson's brave predictions and what should happen first
Big rally expects late Q3 2025
Since September 17th, cryptonary expects to break Bitcoin. Their chart shows green arrows pointing to a strong rally that can push BTC to $ 125,000 or higher.
This timing corresponds to expectations about policy changes. If tariffs occur, they can push inflation higher around May/June 2025. This may force the federal reserve to delay the interest rate cuts. As a result, Bitcoin and other financial markets may struggle to get momentum in the short term.
60% of CEOs are expected to retreat over the next 6 months due to tariffs, CNBC says.
– Watcher.Guru (@watcherguru) April 28, 2025
Cryptonary predicts that BTC will range between $ 80k and $ 100k for the next 4-6 weeks. We can see a retest of low $ 80k scope before any real breakout occurs.
The long -term perspective remains positive. Cryptonary forecasts of a major rally in the late Q3 and in Q4 2025. This rally must continue in 2026, strengthened by reductions in Fed rates and a more relaxed economic environment.
In short, Bitcoin investors may need patience in the short term. The market appears to be stuck between $ 85k and $ 98k to August or September. After that, we will see a strong move towards new hours. The main factors to watch are the decisions of the Federal Reserve's tariff and policy. If economic conditions will be improved later this year, Bitcoin can target $ 125K+ in 2026.
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