Bitcoin is displaying signs of fatigue as volatility drops to its lowest levels of the year, leading to market stall and cooling investor sentiment.
QCP Capital suggests a delay in expectations for a breakout rally to September, with BTC remaining range-bound between $100,000 and $110,000.
Investors are shifting focus to September-dated options due to limited near-term upside potential, leaving Bitcoin in a technical holding pattern.
Market attention is now on upcoming U.S. CPI and PPI reports, which could sway Bitcoin's direction based on inflation surprises and potential implications on the Federal Reserve policy.