Bitcoin’s summer illiquidity could carry on into September, but lower interest rates could kickstart the real bull market in early 2025, according to analysts.
Bitcoin’s summer lull could finally come to an end with a bullish breakout if it manages to close the month of August in the green.
To close August in the green, Bitcoin’s (BTC) price needs a monthly close above $64,300, which would require an over 7% rally from the current $59,960.
While the monthly candle close is difficult to predict, Bitcoin’s recent price action is a positive sign, according to Bitfinex analysts, who told Cointelegraph:
