Every step of the trip in the realm of cryptocurrency is filled with risk, adventure, and optimism. When Bitcoin reached a new all-time high of $122,884, it once again attracted international attention. However, now that the price has somewhat decreased and levelled off at $118,098, every investor is wondering if this is a little lull or a precursor to a significant decline.
What do experts think the future holds
According to Galaxy Digital’s Head of Franchise Trading, Michael Harvey, Bitcoin might be experiencing a little lull. He asserts that it is normal for prices to stay at this level for a while following the recent, enormous increase. However, he added that if the circumstances are right, Bitcoin might resume its calm upward movement by the end of July.
What prerequisites must be met for additional growth
This ‘fundamentally positive’ scenario can only come to pass if firms holding in treasury reserves continue to purchase spot bitcoin ETFs in the US, continue to receive significant investment, and the interest of regular investors continues to rise. ETFs and institutional investors have so far shown interest in participating, but public interest appears to be diminishing. The Coinbase app’s ranking of 137 on the US Apple Store, however, offered a glimmer of hope that retail investors would soon start to take an active role.
Should the market deteriorate, how much can Bitcoin drop
But there are always two sides to a tale. Michael Harvey also cautioned that it may drop 5–10% to less than $110,000 if profit-booking rises or the stock market declines. In other words, even though it has surpassed its peak of $112,000 in May, caution is still necessary.
Could October 2025 be the last stop of this bull run
However, renowned cryptocurrency analyst Rekt Capital warns that this bubble would only last a few months if the current bitcoin cycle continues to resemble 2020. He estimates that the market can peak 550 days after the April 2024 halving, in October 2025.
The movement of Bitcoin remains mysterious
Despite everything, one thing is clear: Bitcoin’s journey is far from over. The upcoming weeks will be crucial in determining the course of cryptocurrency, regardless of whether it pauses for a while or reaches a new high. Investors should use this time to make thoughtful and careful choices.
Disclaimer: This article is written for information purposes only. Any information given in it is not investment advice. The cryptocurrency market is highly volatile and carries risk. Please consult your financial advisor before investing.
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