**Crypto Market Update: Bitcoin Struggles, Altseason Anticipation Grows**

Bitcoin (BTC) is having a tough time staying above $60,000, with bears active at higher levels. However, analysts like Capriole Investments' Charles Edwards remain optimistic, suggesting Bitcoin's trend lags behind gold by three months. Bybit's Nathan Thompson believes Bitcoin is in the second phase of its bull cycle, potentially extending its rally until Q3 2025.

Altseason hopes are high, with BitMEX co-founder Arthur Hayes stating Bitcoin needs to surpass $70,000 and Ether (ETH) $4,000 to kickstart it. Traders are closely watching BTC and ETH charts for signs of upward momentum. Stay tuned for more updates!