Bitcoin’s 3-Month Rally Stalls—Is the Bull Run Out of Steam?
After a blistering three-month surge, Bitcoin's momentum hits a wall as analysts flag warning signs. Has the king of crypto lost its crown—or is this just another dip for hodlers to buy?
The pullback nobody wanted
Trading volumes dry up as institutional whales pause their feeding frenzy. Retail FOMO? Nowhere to be seen. The market's acting like a hedge fund manager after bonus season—all talk, no action.
Technical cracks in the foundation
Key support levels tremble while RSI flirts with bearish territory. Even the most diamond-handed chartists are whispering about 'distribution patterns' between martinis.
What comes next?
History says summer slumps happen—but so do violent reclaims of ATHs. Whether this is a healthy correction or the start of something uglier depends entirely on who's holding the leverage (spoiler: probably not you).
Profit-Taking Heats Up as Sub-$80K Bitcoin Buyers Cash Out
Traders taking profits, particularly those who bought under $80,000, have intensified selling pressure, according to the analysts.
They noted that Bitcoin’s next significant MOVE hinges on macroeconomic drivers and institutional appetite, especially inflows into US-based spot Bitcoin ETFs.
These ETFs have attracted net inflows of $4.63 billion over 14 straight trading sessions since June 9, with economist Timothy Peterson calling last week’s $2.2 billion in inflows “massive” and projecting a 70% chance of continued positive flows this week.
Bitcoin consolidates between $100K–$110K, with dip buyers defending $98.7K and leverage low.
History suggests what’s coming next: Q3 is typically BTC’s weakest quarter, with low volatility and slower moving markets.
Will this time be different?https://t.co/pmYnTBWkcY pic.twitter.com/XDaqlp6zci
Attention is also turning to the Federal Reserve’s July 30 meeting, where markets currently assign a 19% chance of an interest rate cut, based on CME FedWatch data.
Lower rates tend to be bullish for risk assets like Bitcoin, adding further weight to the Fed’s decision for short-term price direction.
Despite near-term caution, analysts stressed that Bitcoin’s higher time frame structure remains intact, with key support levels holding firm.
Meanwhile, some remain optimistic. For one, economist Donald Dean suggested Bitcoin is primed for a breakout following tight consolidation NEAR recent highs.
$BTCUSD $BTC Bitcoin – Getting Ready to Move
Price Target: $130,981
Bitcoin is getting ready to move higher with tight consolidation at the volume shelf. Also, Cup and Handle.
Next target is at the Golden Ratio $130k. pic.twitter.com/XrEA4eeH5b
Likewise, Capriole Investments founder Charles Edwards argued that selling by long-term holders has been a key factor suppressing prices, even as institutional interest surged after the launch of spot ETFs earlier this year.
Bitcoin Adoption as Treasury Asset Finds Momentum
As reported, over the past week, at least nine UK firms, from web design startups to mining businesses, have announced plans to buy Bitcoin or revealed recent purchases to add the cryptocurrency to their corporate treasuries.
Among the UK firms, AI services provider TAO Alpha disclosed plans to raise £100 million after revealing a bitcoin treasury plan that triggered investor interest.
Smarter Web Company, a small website design firm, saw its market value rocket from £4 million to over £1 billion in just two months after announcing its Bitcoin purchases in April, although shares have since cooled.
In the US, Anthony Pompliano’s ProCap BTC acquired 3,724 Bitcoin for $386 million as part of plans to go public through an SPAC merger, while Japan’s Metaplanet raised $517.8 million on the first day of its ambitious “555 Million Plan,” which targets 210,000 Bitcoin by 2027.
