Bitcoin recently came tantalizingly close to breaking its all-time high of nearly $112000, only to fall short. That near-miss caused excitement to explode on social media.
The cryptocurrency showdown continues, with Bitcoin’s summer slowdown in sight and Ethereum’s surprising spring rally still facing crucial resistance.
As both crypto giants navigate the next stage of the market, traders are preparing for both opportunity and turbulence.
Crypto Showdown: Bitcoin’s Weakest Season
Bitcoin’s attempt to smash its all-time high of nearly $112,000 has nearly reached its peak, with BTC currently trading above $71,000.
While the crypto winter recovery has brought massive gains, some analysts suggest that the level of excitement on social media might be setting up Bitcoin for a summer slowdown.
Bitcoin often experiences its weakest quarter in Q3, averaging losses of about 6 percent since 2013. With global interest rates, inflation policy, and the Federal Reserve’s next move still in question, Bitcoin may be poised for a period of sideways movement.
Even as strong spot ETF inflows support Bitcoin’s price, investors appear to be shifting into wait-and-s
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