ChainCatcher message, crypto analyst PlanB posted on social media: "The 6 months of boring trading range did not surprise me. Of course, I wish it had gone up earlier. But I have become very patient: as long as Bitcoin stays within (a broad) flight range (which it does), everything is fine. Therefore, since 2019, my goal is to reach an average price of about $500,000 during the halving period of 2024-2028, with a range of about $250,000 to $1,000,000."

ChainCatcher message, 10x Research released a report stating that Bitcoin is expected to fall back to a trading range of $50,000 to $60,000. The rebound after the crash on August 5 will likely stall near the resistance zone between $60,000 and $61,000. This slowdown may allow oversold technical indicators to reset, increasing the likelihood that Bitcoin could retest the low around $50,000 from August 5, a move that would catch many off guard. There are still profit opportunities in the cryptocurrency market, but the timing is not ideal.

ChainCatcher news, 10x Research stated in its market analysis that interpreting trends is particularly challenging during critical moments in the economy and financial markets, as old narratives are questioned and new ones gradually form. During this time, traders and investors must closely monitor market signals. It is crucial to recognize that before shifting attention to the next topic, the market often focuses on a mainstream narrative. Understanding this dynamic is essential for effectively following market transformations.After the sale of BTC from German addresses at the end of June, market concerns shifted to the upcoming payouts from Mt. Gox in early July. With the incident involving Trump and his subsequent choice of Bitcoin holder JD Vance as his vice-presidential pick, the narrative took a dramatic turn. As the odds of Trump’s election soared to 70%, the price of Bitcoin became closely tied to these political developments. However, President Biden's announcement on July 21 to withdraw from the 2025 presidential race abruptly halted this momentum.Following discussions about Bitcoin as a strategic reserve, Bitcoin once again broke through the $70,000 mark, raising high expectations for Trump’s speech at the Nashville Bitcoin conference. Unfortunately, the speech did not live up to the hype. When the U.S. government transferred $2 billion worth of Bitcoin, the upward momentum for Bitcoin came to an end. The trading range between $60,000 and $70,000 has remained stable, but a significant shift in this range is imminent.

ChainCatcher news, according to Bloomberg, Michael Novogratz, the founder of digital asset financial services company Galaxy Digital Holdings Ltd., stated that Bitcoin may continue to trade within a relatively narrow range of $55,000 to $75,000 during the current quarter, while the adoption of cryptocurrencies in traditional finance continues.Novogratz also believes that the market may remain in a similar state during the current and next quarters until two potential inflection points occur: the Federal Reserve begins to cut interest rates (which usually indicates an economic slowdown) or the elections conclude (which could bring a certain degree of clarity to the cryptocurrency regulatory environment).

ChainCatcher news, according to Ember monitoring, a trading whale bought $10.17 million worth of ETH half an hour ago, with an average purchase price of $3,371. It is reported that this address has made three rounds of ETH trading in the past week, with losses and slippage amounting to $1.47 million.