Bitcoin Consolidation Could Precede Possible New All-Time High by July, Experts Suggest
The post Bitcoin Consolidation Could Precede Possible New All-Time High by July, Experts Suggest appeared on BitcoinEthereumNews.com.
Bitcoin is poised for a brief consolidation phase, setting the stage for a potential new all-time high by July, driven by institutional inflows and growing retail interest. This consolidation acts as a healthy market pause, allowing accumulation and strengthening support levels, which experts believe is crucial for sustainable growth. Michael Harvey of Galaxy Digital emphasizes that a 5-10% pullback during this phase could offer strategic entry points for investors, reinforcing the bullish outlook. Bitcoin’s consolidation phase may lead to a new all-time high by July, fueled by Spot Bitcoin ETFs, corporate accumulation, and renewed retail demand. ‘, ‘ 🚀 Advanced Trading Tools Await You!Maximize your potential. Join now and start trading! ‘, ‘ 📈 Professional Trading PlatformLeverage advanced tools and a wide range of coins to boost your investments. Sign up now! ‘ ]; var adplace = document.getElementById(“ads-bitget”); if (adplace) { var sessperindex = parseInt(sessionStorage.getItem(“adsindexBitget”)); var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBitget.length) : sessperindex; adplace.innerHTML = adscodesBitget[adsindex]; sessperindex = adsindex === adscodesBitget.length – 1 ? 0 : adsindex + 1; sessionStorage.setItem(“adsindexBitget”, sessperindex); } })(); Understanding Bitcoin Consolidation: A Crucial Phase for Sustainable Growth Bitcoin consolidation refers to a period where price movements stabilize within a defined range following significant volatility. This phase is essential as it allows the market to digest previous gains, shake out short-term traders, and build a robust foundation for the next upward move. According to Michael Harvey, head of franchise trading at Galaxy Digital, this temporary consolidation is a positive indicator rather than a sign of stagnation. It facilitates accumulation by long-term investors and helps establish new support and resistance levels, which are vital for maintaining momentum in a highly volatile market. The Role of Consolidation in Market Dynamics and Investor Strategy Consolidation acts like a coiled spring, gathering energy for a potential breakout. It…
Filed under: News - @ July 19, 2025 7:30 am