Bitcoin’s (CRYPTO: BTC) recent rally toward the $74,000-$87,000 region fits a classic counter trend bounce rather than the start of a new bull market, according to a prominent analyst.
Why Is A Summer Weakness Predicted
Crypto analyst Kevin who earlier called Bitcoin’s rejection near $120,000-$125,000 says the market may still face another major leg lower before the next true bull cycle begins.
The analyst pointed to Bitcoin’s failure to break key resistance during the 2025 rally, combined with – weakening momentum indicators, bearish divergences and breakdowns below major moving averages – as early warning signs that the …