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Bitcoin Market Analysis: Trends and Predictions
Bitcoin’s recent trajectory has been marked by significant gains, yet analysts believe that its extended upward trend may be losing steam. This assessment emerges as momentum indicators for Bitcoin appear to weaken. According to insights from Bitfinex, “for the first time in that uptrend, momentum has begun to fade”.
Recent Price Movements
In early 2025, Bitcoin’s price saw a dramatic rise, jumping from US$55,000 (approximately AU$83,700) in January to a new all-time high (ATH) of US$111,970 (around AU$170,445) by May 23. However, as of the latest reports, Bitcoin is trading at approximately US$105,734 (AU$160,952), reflecting a slight decline of 1.5% in the past 24 hours.
Noteworthy is the 41% rally from US$74,000 (AU$112,600) in early April to its current levels. Despite this increase, a slow in upward momentum has been observed and indicated by order flow data and on-chain metrics, suggesting a shift from what was previously a rapid rise to a more stable, ranging market phase.
Source: CoinMarketCap
Institutional Impact and Market Dynamics
Despite the cooling momentum, institutional interest in Bitcoin remains robust. Major inflows into Bitcoin exchange-traded funds (ETFs) and substantial corporate purchases have kept the cryptocurrency’s fundamentals strong. However, many short-term holders have begun cashing out profits following Bitcoin’s surge past the AU$100,000 mark.
Recent data indicate that US Bitcoin ETFs, accounting for 5.9% of the total Bitcoin supply, have experienced some outflows as of July 1, with precise figures for BlackRock’s IBIT fund yet to be reported. Currently, these ETFs collectively hold around 1.247 million Bitcoin.
One of the most prominent corporate holders, MicroStrategy, has continued its aggressive accumulation strategy, recently acquiring an additional 4,980 BTC, bringing its total to 597,325 BTC. Other players in the market, like Metaplanet, have also expanded their Bitcoin holdings, contributing to a trend where public companies purchased a substantial 131,000 BTC in Q2 2025 alone, increasing their balance by 18%.
Source: BiTBO
Market Outlook
As Bitcoin’s price stabilises, analysts are keenly monitoring global events for insights into its future movements. Despite the recent slowdown, some experts, like CryptoQuant analyst Julio Moreno, suggest that Bitcoin may maintain a sideways trading pattern for the time being, given its "Bull Score" is entrenched in neutral territory.
Ultimately, while Bitcoin’s exhilarating ascent in the early months of 2025 has garnered substantial attention, market indicators suggest that a period of consolidation may be on the horizon. Investors and analysts alike will be keeping a close eye on market dynamics and institutional trends as they navigate this evolving landscape.
