Bitfinex platform analysts reported that the forecast of the vertical rally of Bitcoin, which was announced by them, was not justified. In their opinion, the market went into the correction stage for an indefinite period.

Experts admitted that the volumes of trading have significantly decreased, the pressure of customers weakened, and the fixation of the profit is gaining momentum. The short -term Bitcoin holders are especially actively sold.

“For the first time in the entire three -month period of the rising trend, we see a weakening of the position of the asset. The Bitcoin exchange rate in July will not be able to exceed $ 120,000-125,000, as we expected earlier. Experienced holders “drop coins on Wall Street”, unloading their briefcases, ”the report says.

Over the past few weeks, the first cryptocurrency has added about 2.46%, which is less than in May or April. The mood of investors was influenced by the escalation of the conflict in the Middle East, analysts emphasized.

According to them, while the overall structure of the cryptornic demonstrates stability, there is a chance that in the medium term, the Bitcoin course will be able to demonstrate new historical maximums.

Earlier, Glassnode specialists said that the price of the first cryptocurrency has been held in the consolidation zone since May, but without the resumption of strong demand from investors, new maximums look unlikely.