#Bitcoin Traders Eye New Trading Range Amid Persisting Risks ->
👇1-12) Following the (German) supply overhang in late June, market concerns shifted to the impending Mt. Gox payouts in early July. The narrative took a dramatic turn with Trump’s attempted assassination and his subsequent selection of Bitcoin holder JD Vance as his vice-presidential pick. As Trump's election odds surged to 70%, Bitcoin's price became closely tied to these political developments. However, the momentum stalled on July 21 when President Biden exited the 2025 U.S. Presidential Race.

👇2-12) Another push to break the $70,000 mark occurred after discussions of a potential Bitcoin Strategic Reserve emerged, fueling high expectations for Trump's speech at the Nashville Bitcoin conference. Unfortunately, the speech failed to live up to the hype. Bitcoin's peak was reached when the U.S. government transferred $2 billion worth of Bitcoin, marking the end of its rally. The $60,000 to $70,000 trading range has held steady, but a significant shift in this range is on the horizon.

👇3-12) Read the full report: https://mail.10xresearch.co/p/bitcoin-traders-eye-new-trading-range-amid-persisting-risks