I do not know what will happen this time as bitcoin continuously rejecting $120000, and not rejecting $118000. Also the bull period is getting close to end time that bear market will begin. In the next 4 months, we may begin any bear time but the price of bitcoin may not really be that volatile. As for this month, I think bitcoin is not going below $110000 and not going above $125000.
This is one of the unpredictable month because of its high fluctuations. Historical data shows that we have had more bearish trends in this month than a bullish trend. This year’s trend is not going to be far different, but rather than a bullish trend or bearish one I am expecting more consolidation this month. Reason been that the ETF institutions are still buying bitcoin but that’s not enough sentiment to make the market pump rather it will keep it within the current range which is $110k to $123k. Beyond this i don’t expect the market to have any ATH this month.
The twist though that I expect when the tariff report comes out, I expect the relaxation of the tariff and the that’s a bullish sentiment for bitcoin to move up. Also I just notice now that some assets like Pounds, Gold and other top currencies are gaining against USD although I haven’t figure out why but it’s bullish for bitcoin though