Since the launch of a bitcoin exchange-traded fund earlier this year, bitcoin has recovered and even surpassed its all-time highs set during the 2021 bull run. But for weeks, it looked like the largest cryptocurrency was trading sideways at best.
We are entering summer and usually summer months, especially August. Are going to be very dry. I try and trade as much as I can but it seems there are no opportunies at the moment. Market is going nowhere.
The etfs are still adding bitcoin so it’s obviously bullish long term. We will see what will happen with the ETH etf. It’s very bullish that crypto has went this far in the financial world. It means that the long term growth will always be positive. But I feel the next few weeks and months will be nothing but sideways trading.