Bitcoin price has stabilized around the $107,000 mark, indicating a consolidation trend following a significant increase from lows of $84,000 seen in April.
Market Outlook for Bitcoin
Bitfinex analysts note that the struggle for a breakout to $110,000 or higher in recent weeks may signal a potential consolidation phase in Q3 2025. This information was shared in the Bitfinex Alpha report published on June 30.
Slowing Market Activity
Bitcoin is experiencing a slowdown in market activity, both on the spot and derivatives markets. This slowdown follows a recovery by bulls from recent lows, significantly influenced by geopolitical factors such as the Israel-Iran conflict.
Key Levels and Support
Key levels for Bitcoin remain at $100,000 as a significant support zone, and $98,700, which is critical for short-term holders. Analysts suggest that a breakout above $110,000 will require external factors such as macroeconomic changes or attractive ETF fund flows.
Overall, Q3 has historically been characterized by low volatility and limited directional movement in prices. Considering the current situation, Bitcoin is expected to consolidate within a range, reflecting the current market dynamics.
