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📅 July 3, 7:00 – July 9,
Experienced Analyst Shares New Week Predictions for Bitcoin (BTC) Price!
CryptoQuant's analyst Axel Adler Jr stated that despite Bitcoin's recent short-term pullback to the levels of 103,000-104,000 dollars, the fundamental indicators are still strong.
According to Adler, Bitcoin reserves on exchanges continue to decrease, institutional purchases continue to exert pressure on supply, and long-term investors are increasing their purchases to build a "buffer support" beneath the market.
On the macroeconomic front, mixed signals prevail. The slowdown in Personal Consumption Expenditures (PCE) inflation in the U.S. has somewhat eased the policy pressure on the FED; however, rising bond yields and persistent uncertainties over tariffs have strengthened the "flight from risk" sentiment in the markets and suppressed growth appetite.
Adler stated that the baseline scenario for the week ahead is for Bitcoin to remain sideways in the $103,000 to $110,000 range. However, he added that if there is a 20% break due to momentum and the $110,000 level is breached, there could be a strong signal that the market is ready to test the $115,000–$120,000 band. On the other hand, if net inflows turn negative and prices drop below $100,000, it could be a harbinger of a deeper correction.
*It is not investment advice.
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