🔵Crypto trader Ash Crypto warns that BTC might drop to $114K–$115K to close a CME gap before making a move to new highs. Profit-taking is adding pressure: on July 17, take-profit volume peaked at $3.3 billion, and although the metric has since declined, it remains at an extremely high level, according to Quentin Francois.
🔵Optimists point to rising U.S. dollar liquidity (Charles Edwards) and seasonal trends: historically, Bitcoin performs well in Q3, as noted by analysts at Root. A potential catalyst is the upcoming White House Digital Assets Task Force report, scheduled for July 30. However, some influencers, including Carl Moon, have already declared the bull run over.