Bouncing back or falling back?<\/h2>\n
In a note shared with Cointelegraph, 10x Research head of research Markus Thielen said that as long as Bitcoin remains above the short-term realized price of $98,000 and the $102,000 trend support, \u201ctraders can continue to look for tactical rally opportunities.\u201d<\/p>\n
However, he cautioned that a break below this range \u201cwould shift the focus to risk management, especially in the absence of strong upside catalysts.\u201d<\/p>\n
Related: <\/strong><\/em>Bitcoin closer to equities than gold as Middle East war deepens<\/strong><\/em><\/p>\n Bitcoin has been in a five-week consolidation phase, with three failed attempts to break above $110,000 due to short-term macroeconomic shocks, from tariff concerns in May to the Israel\u2013Iran escalation in June.<\/p>\n \u201cThese events have underscored that Bitcoin is not behaving as a risk-off hedge in the current environment.\u201d<\/p><\/blockquote>\n Thielen told Cointelegraph that he expects the sideways trading to continue for a few months. \u201cOur view is that we consolidate over the summer,\u201d he said.<\/p>\n Eugene Cheung, chief commercial officer at digital asset platform OSL, remains bullish.<\/p>\n \u201cDespite Bitcoin briefly dipping below $100,000 amid heightened geopolitical tensions following US strikes on Iranian nuclear sites, its resilience suggests strong institutional support and long-term bullish sentiment,\u201d he told Cointelegraph on Monday.<\/p>\n He added that structural demand for both Bitcoin and Ether persists as market volatility \u201cunderscores crypto\u2019s sensitivity to macro risks, highlighting the ongoing pattern to absorb shocks and continue in a general bullish trend.\u201d\u00a0<\/span><\/p>\n Meanwhile, Nick Ruck, director at LVRG Research, told Cointelegraph that altcoins could start to perform better in the coming months.<\/p>\n \u201cWhile Bitcoin\u2019s volatility has been the focus after the US-Iran escalation, the altcoin market is showing signs of divergent strength,\u201d he said, adding:<\/p>\n \u201cThe coming months could see altcoins outperform if macro conditions stabilize and crypto-specific catalysts gain traction.\u201d<\/p><\/blockquote>\n Most of the altcoins were in the red at the time of writing, with the overall crypto market capitalization down 1.5%, or around $50 billion, over the past 12 hours in a fall to $3.21 trillion, according to CoinGecko.<\/p>\n","protected":false},"excerpt":{"rendered":"Institutional demand remains strong<\/h2>\n
Time for altcoins to run?<\/h2>\n