The bitcoin exchange rate was fixed at $ 118 thousand. For a week, it has fluctuated around this mark, adjusting to 3.5% of the $ 123 thousand maximum, set ten days ago.
Meanwhile, altcoins in recent days began to ahead of bitcoin in growth. Ethereum (ETH), SOLANA (SOL), XRP (XRP) updated local maximums, BNB (BNB) set a new historical record. After sharp take -offs of coins, the prices of the coins were adjusted, nevertheless, the market analysts retain positive forecasts as a whole.
Experts told “RBC-Crypto”, Is a significant correction in the near future and whether this time last year’s rise in the market will be repeated at the end of the year.
Peretopias or confident growth?
Bitcoin is now at risk, says Roman Nekrasov, founder of Encry Foundation. According to him, market participants are pressed on a coin, which from July 17 actively record profit. This behavior of investors indicates a decrease in faith in the possibility of continuing Bullran, the analyst notes.
From the point of view of Texanalysis, there are signals that indicate the risks of reducing bitcoin in the near future to the range of $ 114–115 thousand, says Nekrasov. He added that at the indicated level on the CME there is a GEP – often such price gaps serve as a strong magnet for a cryptocurrency course.
GEP on the Cme Exchange is the difference in the price between the closure of CME futures on Friday evening and their repeated opening on Sunday evening. The CME exchange closes on weekends. But since Bitcoin trade goes around the clock, there is often a deviation between the CME closing price and the price to which Bitcoin traded on crypto -rhizas by the time the CME is re -opened on Sunday evening. As a result, the rupture (GEP) of the price remains, and most often the price returns to the level before the break.
If we talk about the nearest weeks, then the risks of local correction are definitely remaining, the senior analyst Bestchange.ru Nikita Zuboriev also believes. But he added that the turn of the global trend is not expected. In the past, the beginning of such an altsyzon would be more likely a negative signal to the speedy beginning of a protracted correction, but today the situation is less unambiguous, the expert says.
According to him, the market continues to be in euphoria after regulatory victories in the United States. This strengthens the local growth trend of the entire crypto market, which was also affected by the Bitcoin domination level, Zuboruev explained. At the same time, he recalled that today and in the near future, the main driver of growth remains spinal stock funds (ETFs) to cryptocurrencies that redeem large volumes of tokens from the open market, which naturally pushes the price up.
In addition, the infusion of billions of dollars with corporate structures into Bitcoin, Ethereum and Solana not only heats interest, but also serve as a strong catalyst for further growth, says VAG GROUP managing partner Vagiz Nurullov.
“Ethereum continues to demonstrate a confident movement up, and we do not believe that growth was caused exclusively by the redistribution of liquidity from bitcoin. Rather, this is evidence of a large -scale arrival of new institutional players who did not manage to enter the BTC, but are striving to not miss the potential growth of the second cryptocurrency capitalization, ”Nurullov said.
He added that as a result, there are FOMO-purchases (due to fear of lost benefit), which additionally pushes the price up.
A similar scenario unfolds around Solana – a favorite among retail investors, the analyst said. According to him, SOL continues to strengthen the status of one of the most dynamic and promising altcoins of this year.
“Risks are reduced”
It is likely that the cryptocurrency market goes from the speculative phase of development to the institutional era with long -term growth potential and further stabilization of the course, Zuboriev believes. And the main thing, he said, was that the old patterns cease to repeat with high accuracy, which means it becomes more difficult to predict the market behavior.
“But in any case, the forecast for several months ahead is more positive. It is possible to repeatedly update historical maximums until the end of 2025, ”says the analyst.
Against the backdrop of a probable mitigation of monetary policy in the United States, strengthening corporate demand for digital assets and, finally, due to the renewal of liquidity from bitcoin into more attractive in terms of growth of assets at the end of the year, a new round of growth can also be expected, Nurullov also believes.
Liquidity is growing in the United States again, and observations show that part of the liquidity settles in a cryptocurrency in one way or another, Nekrasov said, adding that “often with a gap of two to three months, but settles down.”
He also drew attention to a decrease in voltage in the geopolitical arena. Trump’s actions in the “Tariff War” no longer look so tough, the analyst says. In his opinion, probably the main shock from the initiatives of the American president will remain in April 2025.
If you look at BTC from the point of view of the theory of cyclical market behavior, cryptocurrency still has time for growth, according to Nekrasov. According to him, Bullran usually comes to the final somewhere a year and a half after the halving, and the repetition of the cycle this time would allow BTC to grow until mid-autumn.
“At the end of the year, cooling will probably come, but not as global as in past cryptosims. The fact is that the market becomes institutional. Large investors accumulate BTC and withdraw them from the market. The risks of panic sales are reduced, ”the analyst concluded.
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Source: Cryptocurrency
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