. No markdown formatting. I must produce HTML code block with no markdown formatting. I’ll produce plain text HTML code.
I’ll produce the final answer. I’ll produce a version that is re-written in Terry Pratchett style.
I’ll produce the final answer in plain text with no markdown formatting.
I’ll produce final answer now.
Well, it appears our illustrious digital coin—Bitcoin, that mysterious creature from the netherworld of finance—is taking a well-deserved breather. After skyrocketing to record-breaking heights, it now seems to be pausing to catch its breath before possibly launching another leg up before July’s end. According to Michael Harvey, the head of franchise trading at Galaxy Digital (a man who must have a crystal ball in his office), after such a grand rally and hitting a new all-time high, a little consolidation is not only plausible but downright expected.
“Consolidation around current prices is my base case,” Harvey told CryptoMoon, sounding almost like he was divining the leaves at the bottom of a teapot. “After such a large rally and a brand-new ATH, a pause for air is very realistic.”
Bitcoin’s Future: A Slow Melt-Up or Just a Lazy Summer?
With a twinkle in his eye and a knowing grin, Harvey added, “I do expect BTC to trend higher into the year-end, but pausing here for air is entirely realistic.” He then shared his best-case scenario: “I think the best case BTC price into month end is a continued slow melt-up.”
Of course, for Bitcoin to reach another new high by month’s end, a few things would have to fall into place: steady inflows into US-based spot Bitcoin ETFs, continued accumulation by Bitcoin treasury firms, and—crucially—an aggressive increase in retail demand. Meanwhile, while spot Bitcoin ETFs have been posting strong inflows and the demand from treasury firms keeps climbing, the industry is still debating whether retail demand has truly arrived (much like asking whether the trolls have finally learned to read). In fact, Coinbase’s recent leap to No. 137 on the US Apple App Store is a hopeful sign, yet the paltry number of Google searches for “Bitcoin” suggests that broader retail interest is still AWOL.
On Monday, Bitcoin soared to a new all-time high of $122,884, only to gracefully step back to $118,098 by the time the scribes at Nansen got their quills out. In the world of Bitcoin, every day is a roller coaster ride at the Discworld Carnival.
But What If the Bear Awakens?
Not all is rosy in the land of crypto, however. Harvey also painted a less optimistic picture: should Bitcoin decide to take a nosedive, it might slip back below the $110,000 mark. “In the worst-case scenario,” he explained, “a risk-off move driven by profit-taking or equity market weakness could see BTC retrace by 5-10%.”
Adding another twist to the tale, before Bitcoin broke its May all-time high of $112,000 on July 9, crypto analyst Rekt Capital issued a cautionary note: if Bitcoin follows the historical pattern seen in 2020, then the current cycle might only have a few months of expansion left—peaking in October, which is roughly 550 days after the Bitcoin halving in April 2024. In the unpredictable world of Bitcoin, one can never be sure if we’re witnessing a slow, steady melt-up or just the calm before another dramatic upheaval. After all, in a universe ruled by chance and speculation, every coin toss is a gamble! 😂🤓🚀
Read More
- PS Plus Monthly Games for August 2025 Wish List
- All Data Pad Locations (Week 1) Destiny 2
- The 20 Best Real-Time Strategy (RTS) Games To Wishlist In 2025
- Civ 7 DLC LEAKED! Is This Sid Meier’s Most Underrated Game?!
- Best Ninja Upgrades in Killing Floor 3
- Violence District Killer and Survivor Tier List
- Silver Rate Forecast
- Wuchang: Fallen Feathers Steam Deck Impressions, ROG Ally Performance, PC Features, and More
- Top 8 UFC 5 Perks Every Fighter Should Use
- Gold Rate Forecast
2025-07-19 08:27