Bitcoin Faces Consolidation as Price Nears $107,000
Bitcoin’s price is hovering around $107,000. This suggests a period of consolidation after a positive run from April’s low of $84,000. Bitfinex analysts predict this trend will continue into Q3 2025.
The bitfinex Alpha report, released on June 30, highlights the struggle for Bitcoin to break above $110,000. Analysts believe this indicates a potential consolidation phase. They note a slowdown in on-chain and derivatives activity.
Recent market volatility, partly due to geopolitical tensions like the Israel-Iran conflict, has helped bulls recover. However, the macroeconomic environment still influences risk assets.
Historically, Bitcoin sees an average 6% gain in Q3. Analysts expect range-bound trading starting in July. Despite flushed-out excess leverage, a lack of upside momentum could limit gains.
- Price compression reflects cooling on-chain and derivatives activity.
- $100,000 remains a key support level.
- $98,700 is a critical zone for dip buyers.
While bulls may aim for a $110,000 breakout, Q3 typically sees low volatility. For new all-time highs, a catalyst like macro relief or strong ETF flow is needed.
