Bitcoin

<p>The crypto market is going through a turbulent period, casting doubt on the sustainability of the current rise. As Bitcoin’s price fluctuates, experts offer their nuanced perspectives on the future of the king of cryptos and altcoins.</p>
<h2 id="h-an-uncertain-future-trend-for-bitcoin">An uncertain future trend for Bitcoin</h2>
<p>Analysts outline various scenarios for the evolution of the <a href="https://www.cointribune.com/en/bitcoin-plunges-altcoins-in-turmoil/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin price</a>. According to seasoned investor Murad Mahmudov, if the price remains above $60,000, the four-year bullish cycle could continue.</p>
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<p>However, a global recession could drive Bitcoin down to $30,000, depending on the macroeconomic context.</p>
<p>Julio Moreno from CryptoQuant <a href="https://x.com/jjcmoreno/status/1801653397906485248" target="_blank" rel="noopener noreferrer nofollow">highlights</a> the importance of the realized price level by short-term holders, located at $62,800. This critical threshold could either offer support or lead to an 8-12% correction, bringing Bitcoin back to $60,000.</p>
<p>Veteran trader Peter Brandt warns against a break of supports at $60,000, which could drive Bitcoin down to $48,000. Market analyst Bob Loukas, for his part, foresees a <a href="https://www.cointribune.com/en/an-expert-predicts-a-dramatic-drop-in-bitcoin-to-48000/" target="_blank" rel="noopener noreferrer nofollow">consolidation phase</a> similar to last summer, calling for investor patience.</p>
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<h2 id="h-caution-on-altcoins-and-market-sentiment">Caution on altcoins and market sentiment</h2>
<p>Regarding altcoins, Mechanism Capital co-founder Andrew Kang expresses doubts about the ability of the approval of <a href="https://www.cointribune.com/en/bitcoin-etf-short-term-investment-up-55/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin ETFs</a> to stimulate the entire market, particularly Ethereum. While Bitcoin might benefit from renewed interest, the impact on Ether ETFs remains uncertain.</p>
<p>Analysts at <a href="https://x.com/santimentfeed/status/1801682766515605820" target="_blank" rel="noopener noreferrer nofollow">Santiment</a> observe a growing sense of fear among investors as Bitcoin’s price drops to $65,000. Paradoxically, this panic could lead to a temporary rebound and a buying opportunity if it persists.</p> 
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<p>Will Clemente from Reflexivity Research bets on a summer consolidation, maintaining his main positions in Bitcoin. He foresees a potential price rise in the fourth quarter, influenced by economic data and the Fed’s actions.</p>
<p>The future of the Bitcoin and altcoin bull market remains uncertain, oscillating between major corrections and consolidation phases. Its direction will largely depend on macroeconomic factors and investor sentiment trends.</p>
<p>In this uncertain context, caution is advised, even if some analysts see short-term opportunities. This summer is shaping up to be a pivotal period for the <a href="https://www.cointribune.com/en/ethereum-powered-by-blackrock-a-e100-million-alliance-that-changes-everything/" target="_blank" rel="noopener noreferrer nofollow">crypto market</a>, which will need to demonstrate its resilience in the face of economic and regulatory challenges.</p>
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Is the Bitcoin and altcoin bull market over?

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