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Bitcoin Sweeps $106K Support, Consolidates Ahead of Potential Q3 Surge — Analysts Weigh In

  • Crypto analyst Daan Crypto Trades highlights the importance of Bitcoin reclaiming its previous range for a positive setup, with potential targets of $110K–$112K.
  • Founder of Derive, Nick Forster, views the current market behavior as 'healthy consolidation' rather than bearish, suggesting a period of recalibration before another notable rally.
  • Forster believes that despite historical weakness in Bitcoin during Q3, this year could see a trend reversal due to regulatory clarity and institutional inflows.
  • Factors like regulatory changes, institutional interest, and the Federal Reserve's interest rate decision on June 18 could drive exceptional Bitcoin performance in Q3, as suggested by Forster.

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