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Bitcoin Bull Market Intact but Q3 Likely to Be Slower: Bitfinex
The cryptocurrency market is currently in a state of flux, with the price of bitcoin (BTC) stuck within the $100,000 to $110,000 range. Despite this, analysts at Bitfinex believe that the current bull market remains intact, albeit with expectations for a slower performance in the third quarter.
According to recent data, since May 8, BTC has been unable to break out of this narrow price range, indicating that neither bulls nor bears have taken control. This consolidation phase has persisted as we enter the third quarter, which historically has not been a strong period for bitcoin’s performance.
Source: cryptopotato.com
