Bitcoin Bear Market Could End by September, Analysts Say
BTC slipped from $64,000 resistance as US-Iran tensions rattled markets, but analysts see a bull run beginning within three months.
Bitcoin faced renewed selling pressure this week as escalating US-Iran geopolitical tensions drove prices lower from a strengthening resistance level near $64,000, according to Cointelegraph. The pullback came even as some market analysts began calling for the end of the current bear market cycle within the next three months — potentially placing a bullish reversal as early as September.
The $64,000 price zone has emerged as a critical technical battleground for Bitcoin. Traders watching that level noted that each failed attempt to break through reinforces its significance as overhead resistance, making any sustained move above it a key signal for trend confirmation. Until buyers can decisively clear that threshold, downside pressure remains a real possibility.
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Geopolitical risk has historically injected short-term volatility into crypto markets, and the latest US-Iran tensions appear to be no exception. Risk-off sentiment tends to push speculative assets lower in the near term, though Bitcoin has at times reasserted itself as a safe-haven narrative once immediate uncertainty fades. The interplay between macro fear and longer-term bullish positioning is shaping up as the dominant tension heading into the summer months.
Analysts pointing to a September bull market timeline are likely drawing on a combination of on-chain data, historical cycle patterns, and macro conditions — though the source does not detail the specific models behind those projections. If the forecast proves accurate, investors who accumulate during the current consolidation phase could be well-positioned ahead of any momentum shift.
Continue reading at Cointelegraph.
