What Does the Pullback in Bitcoin Tell Us? What Should We Expect Next in BTC? Experienced Analyst Evaluates!

Bitcoin (BTC) has retraced to the 105k dollar level after reaching a record of 111k dollars, while investors are wondering whether this is a healthy pullback or a turning point that could lead to further get dumped.

At this point, while there are many predictions, Derive founder Nick Forster stated that the recent pullback is healthy, adding that the latest movements indicate that Bitcoin has entered a consolidation phase rather than a downward trend.

Nick Forster stated that the current consolidation would give the market time to digest the recent gains before Bitcoin enters a new upward trend.

The analyst who stated that this consolidation phase will prepare Bitcoin for the next rise expressed that it is healthy and that there are no signals of a dump.

"Although the recent rise in Bitcoin, which has exceeded 111,000 dollars, is noteworthy, the current price movement indicates a phase of consolidation rather than an imminent upward or downward trend.

Because such a consolidation phase will be healthy before another significant rise and will provide the necessary time to prepare for the next rise.

Forster stated that, based on historical data, the third quarter has been a weak period for Bitcoin, but argued that a different scenario could unfold in 2025.

"Historically, the third quarter is seen as a period that shows a downward trend, but this year there is potential for Bitcoin to exhibit exceptional and surprising performance in the third quarter due to positive factors such as regulatory changes and increased institutional entries.

At this point, the FED's interest rate decision on June 18 may be a critical and important turning point for the market.

*This is not investment advice.

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