BTC price bottom not due until Q4? Five things to know in Bitcoin this week
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- Bitcoin closed its latest weekly candle bearish, leaving an imbalance at $72.5K while holding above the prior weekly low of $59.1K, according to trader Lennaert Snyder.
- Mark Cullen warned that despite a relief bounce past $60K, the ultimate market low is not expected until middle to late Q3.
- ColinTalksCrypto noted that BTC/USD fell below its 200‑week simple moving average, forecasting a 1‑3‑month bounce followed by a new low in Q4, with high odds the cycle bottom.
- US CPI and PPI data for May, reflecting the US‑Iran war’s impact, are slated for release, and the CME FedWatch Tool shows a 17% chance of three Fed rate hikes by April 2027.
Why it matters: Investors risk extended losses as the market’s lowest point is projected for Q3‑Q4, while traders may profit from the anticipated short‑term bounce; inflation and Fed policy could amplify price swings.
