Bitcoin trend prediction $BTC

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Bitcoin price analysis has become more fascinating due to Bitcoin's sluggish sideways trend for more than a week. The pullback from levels above $71,000 has largely weakened the bullish force. As a result, traders now expect BTC prices to maintain the current sluggish trend for some time. However, in the long run, Bitcoin's market dynamics seem expected to change, which may have a significant impact on prices.

Does this mean that Bitcoin prices may see a downward trend?

The current trading setup suggests that major tokens, including Bitcoin, are expected to maintain a sluggish trend throughout the month. Trading volume has been flowing into trending altcoins, so liquidity may return to star cryptocurrencies after profits are extracted. This may be the first few days of trading in the second half of the year, and BTC prices are expected to show a diversified trend.  

Historical Bitcoin prices present a broader picture, indicating that prices will hit new all-time highs in the first few weeks of 2025. In the past bull runs, the price has been following a parabolic curve, so now it seems that it has reached the midpoint of the rally. Moreover, the RSI shows a well-orchestrated rally after completing several recovery curves and is now about to fall.  

According to this calculation, the top of BTC should be around $85,000, but if the market dynamics change drastically, then the RSI may take a 180-degree turn, which may support the bullish view.  

Now, the Bitcoin price may continue to consolidate and reach the curve, which may provide a solid foundation to trigger a massive rise. This may force the price to continue the downtrend in the coming months, after which it may rise along the curve, which will serve as a strong support.  

Otherwise, if the selling pressure intensifies, the BTC price may fall to the support below $60,000, which may attract bulls, who may initiate a new bull run to $85,000. Therefore, the next few weeks until the half-year close may be crucial as the closing price may determine the next move of Bitcoin.  #BTC走势预测