List of Flash News about Q3 crypto outlook
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2025-07-01 02:06 |
Bitcoin (BTC) Hits Record Monthly Close But Faces Bearish Technicals and Q3 Headwinds
According to @FarsideUK, Bitcoin (BTC) achieved a record monthly close for June above $107,000, yet its 2.5% gain was overshadowed by the euro's 4% advance against the dollar. From a trading perspective, BTC's price action formed a bearish outside day candle on Monday, a technical signal that often precedes a renewed bearish trend, as noted in the analysis. This cautious signal is supported by on-chain data showing long-term holders continuing to take profits, with realized gains hitting $2.4 billion. BRN research analyst Valentin Fournier stated that while their medium-term outlook remains bullish due to corporate accumulation, they have slightly reduced exposure to protect capital. Traders are advised to be cautious, as the third quarter is historically Bitcoin's weakest period, often marked by lower liquidity that can amplify price volatility. Upcoming token unlocks for Sui (SUI), Ethena (ENA), and Arbitrum (ARB) could also introduce selling pressure. |