Matrixport analysts believe that one should not expect a significant increase in the value of Bitcoin in the coming months. In their opinion, the lack of significant factors for the rate increase, as well as the seasonal decrease in interest from market participants, especially against the background of reduced liquidity, can lead to mass profit-taking and a temporary drawdown.
As experts note, August and September are traditionally considered weak periods for the cryptocurrency market. This trend is confirmed by historical statistics. However, the situation may change if there is more clarity in the US on tax issues - this factor can potentially affect the market, albeit with a delayed effect.
Nevertheless, despite the reserved mood for the coming weeks, Matrixport draws attention to signs of long-term stability. In particular, interest from institutional investors remains high, and the activity of crypto funds is gradually increasing. Analysts believe that these trends may create the basis for the next round of growth closer to October.
At the same time, analysts at QCP Capital warn that the strengthening of the US dollar may provoke capital outflow from risky assets, including Bitcoin. In the context of instability in global financial markets, investors tend to choose more reliable instruments, which makes cryptocurrency vulnerable.
Thus, the coming months may become a period of uncertainty for Bitcoin. The lack of clear growth catalysts and possible pressure from macroeconomic factors create the risk of a decline in quotes. However, the presence of sustainable institutional interest and the movement of stock capital towards crypto assets allow us to expect a recovery in the more distant future.