Bitcoin Braces for Sideways Action as Q3 Kicks Off – Bitfinex Predicts Rangebound Drama
Strap in, traders—Bitcoin's about to paint another boring sideways masterpiece.
Rangebound or breakout?
The crypto king isn’t making it easy. With Q3 underway, Bitfinex analysts see BTC consolidating in a tight corridor—no fireworks, just chop. Perfect for over-leveraged degens to lose their shirts.
The institutional shrug.
Wall Street’s still sipping lattes while retail chases 10x shitcoins. Meanwhile, Bitcoin’s playing the long game—grinding out volatility compression like a Swiss watch. Yawn.
The bottom line:
Until macro winds shift or some Black Swan event drops (looking at you, Fed), expect more paint-drying price action. Pro tip: Maybe touch grass until the next catalyst. Or don’t—your funeral.
Bitcoin price historically sees an average of +6% in Q3
While bitcoin may yet experience a sharp uptick amid other market factors, Bitfinex Alpha analysts say Q3 will likely see range bound trading beginning in July.
A dearth of upside momentum, including in the exchange-traded funds market, could see BTC mirror the average of just 6% gain between July and end of September seen in this period since 2013. The less optimistic perspective is despite the market having flushed out excess leverage.
“The recent compression in price action reflects a cooling in both on-chain and derivatives activity, with declining spot volumes, reduced taker buy pressure, and a drop in open interest, highlighting that the market is transitioning from an aggressive impulse to a ranging phase,” the analysts noted.
In terms of Bitcoin’s key levels, $100k remains a major support area. However, the short-term holder’s realized price level at $98,700 offers a critical structural zone, where dip buyers will fancy opportunities for accumulation.
Meanwhile, BTC bulls may target a breakout above $110k. Yet, Q3 has historically been a period of low volatility and subdued directional movement. With an average of just +6%, price action will be more within a consolidation range.
“For new all-time highs to be reclaimed, a catalyst, either in the FORM of macro relief, strong ETF flow momentum, or a breakout in global liquidity will be necessary,” the analysts wrote.
