#Bitcoin comments point in the same direction

#BTCmay upset investors in the short term

🔹Analysts commented on the course of BTC

🔹Striking price predictions for BTC

Compiling news from expert opinions, CNBC stated that Bitcoin (BTC) may exhibit price mobility that is far from upward for the next 3 to 5 months.

According to data from Coin Metrics, Bitcoin (BTC) is up 48 percent for the year thanks to the launch of spot Bitcoin ETFs in the US and the bullish enthusiasm surrounding the halving.

BTC had a pessimistic start to the second quarter and dropped 11 percent throughout the second quarter. The leader of cryptocurrencies retreated by 14 percent from its all-time high reached in March.

Although analysts remain optimistic about Bitcoin, they state that patience is required for the coming weeks. According to CNBC's report, analysts' comments point in the same direction.

Bitcoin (BTC) may upset in the short term

H.C. Wainwright analyst Mike Colonnese told CNBC that it could take 3 to 5 months for Bitcoin (BTC) to retest its all-time high (ATH).

“Therefore, for Bitcoin and miners, we are moving from neutral to cautious in the short term and bullish in the medium and long term,” Colonnese said. He commented:

Bitcoin fell by 11 percent this quarter. Colonnese added that BTC has performed better in historical bull cycles. According to the analyst, BTC is not yet as strong as in previous bull cycles.

Wolfe Research technical analyst Rob Ginsberg also shared a similar view on Bitcoin. “While we reiterate our stance that it makes sense to stay long on a multi-year timeframe, near-term bearish signs continue to mount,” Ginsberg said in a note.” he commented.

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