When Will This Boring Process in Bitcoin (BTC) End? Here are Expert Comments…
The leading cryptocurrency #Bitcoin (BTC) has been accumulating in the range of 59 thousand - 65 thousand dollars for a long time. Even though there are needles above or below these levels, Bitcoin has still not been able to achieve the enthusiastic rises that investors expected.
Charles Edwards, founder of international fund Capriole Investment, believes that BTC will remain in a small range as it is now until investors run out of patience.
The manager of Capriole Investment said that market sentiment should shift to the negative as much as possible before the sideways trend ends and no one should expect an uptrend.
Underlining that this boredom phase may last between 1 and 6 months, Edwards believes that #BTC will rise by next autumn at the latest.
Experts at American hedge fund #PanteraCapital believe that the Bitcoin bull cycle has just begun and by August 2025 the BTC price will be at least $117,000.
In its latest report, Pantera Capital underlined that BTC experienced significant increases in all periods after the halving. Here is the experts' final comment about the short-term BTC price:
“A pattern called a “triple top” has formed on the Bitcoin chart with the past bull cycle. BTC/USD is currently at a critical point. However, breaking the $63,000 resistance level has become the main challenge for BTC.
In the coming period, if Bitcoin manages to fully exceed 63 thousand dollars and stays above it, it may increase the mobility in the market." (Not Investment Advice)
