Bitcoin Price: Analyst Predicts Cooling-Off Period Before Next Bull Run

A prominent crypto analyst has suggested that Bitcoin’s price may experience a period of consolidation in October, potentially setting the stage for a future surge. This cooling-off period is expected to allow for the development of a more favorable structure, potentially leading to a new wave of bullish momentum.

The analyst’s analysis suggests that while Bitcoin is currently positioned for a potential upward move, the current market conditions may necessitate a period of stabilization. This consolidation phase could be beneficial for the long-term outlook, creating a more sustainable foundation for future growth.