Bitcoin Uncertainty Waters For Q3, Ether May Outperform: Analysts
Market expectations for Bitcoin to reach new highs may hinder its immediate surge, while Ether could surprise investors. Santiment analyst Brian Quinlivan noted that social media anticipation for Bitcoin's all-time high suggests a lack of readiness for a bullish surge. Bitcoin is currently trading at $109,679, just 2.1% below its peak of $111,970. Historical data shows Q3 has been Bitcoin's weakest quarter, averaging a 6.03% return since 2013, with macroeconomic uncertainties potentially dampening its appeal. The Crypto Fear and Greed Index indicates a "Greed" score of 72. In contrast, optimism around Ethereum is rising, with Ether recovering from a low of $1,472 to $2,793. Overall crypto trading volume may decline due to seasonal factors as summer approaches, leading to potential sideways movement or pullbacks.
