The Bitcoin (BTC) Koers tapped a new record of approximately $ 112,000 yesterday. Yet many traders may be insufficiently prepared for further increases, while analysts warn that the third quarter can sometimes become an important phase for the cryptomarkt.
60 percent chance of further rise Bitcoin course
According to market researcher Markus Thielen from 10x research, there is a 60 percent chance that Bitcoin will increase further in the next two months. Based on historical patterns, it could even be an increase of around 20 percent. With that, Bitcoin could reach around $ 133,000 in September.
“Many traders have become sub-positioned after the recent option expiration,” says Thielen. “They now mainly buy calls, which indicates that they have too little exposure to further price increases.”
The 10x Research model turned to a positive trend on 29 June, just before the outbreak to the current price level. According to Thielen, everything points out that this momentum persists until September.
He also points to a number of potential catalysts, such as the American inflation figures that will be announced on July 15. The market is counting on a “mild” outcome, which can turn out favorably for risky assets such as crypto (because it increases the chance of interest rates). The expected favorable policy during the American ‘Crypto Week’ can also offer extra support.
More than 50 billion dollars in Bitcoin ETFs
It is striking that the third quarter is historically the weakest quarter for Bitcoin, with an average increase of only 5.84 percent since 2013, according to data from Coinglass. Yet Thielen thinks that this time it can run differently.
Other analysts also join. The Dutch crypto analyst Jelle writes on X that “Bitcoin is coming loose” and hopes for a final race in ‘Price Discovery’, which means that there is no longer any technical resistance.
The inflow into American Bitcoin ETFs supports this image where the counter is now at more than 50 billion dollars. Yesterday, according to figures from Farside, $ 215 million in the series of stock market funds.
Source: https://newsbit.nl/bitcoin-koers-kan-in-september-stijgen-naar-133-000-dollar/
