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.