The leading cryptocurrency is recovering from a prolonged downturn. BTC▼$64,223.00 held above $66K on June 16, but Wintermute says the trend hasn’t turned just yet.
The crypto market rallied on slowing US inflation and news of a preliminary US-Iran agreement. Bitcoin has held above $66,000, gaining nearly 6% over the week.
Hot topic: Bitcoin Price Risks Pullback as Institutions Hold Back, Analysts Warn
But Wintermute analysts call the current bounce a “bear market rally” and expect summer consolidation due to the absence of fresh capital inflows.
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Current Liquidity Structure Is Capping Bitcoin and Crypto
Wintermute experts note that capital inflows into crypto assets remain low. U.S. spot Bitcoin (BTC) ETFs and stablecoins are seeing outflows. Institutional investors are favoring the stock market.
For a sustained trend toward $100K, structural changes in liquidity are needed. The baseline summer scenario is sideways trading.
The key event this week is the Fed meeting. If rhetoric turns dovish due to cheaper oil, risk assets could continue their rally. If not, the market may retest levels below $60K. Wintermute advises watching ETF inflows, not headlines.
Read more: Top 5 Bitcoin Mining Methods — How People Are Still Earning BTC in 2026
Where Is Bitcoin’s Bottom? Galaxy, NYDIG, and Standard Chartered Diverge
Bitwise CIO Matt Hougan compared Bitcoin (BTC) forecasts from three research firms. There’s no consensus on where the correction ends.
- Galaxy Digital: Only four of 13 historical bottom indicators have been triggered. Price could fall to the $30K-$54K range. The most likely support zone is $40K-$46K.
- NYDIG: Current metrics are near past cycle lows, but no final capitulation signal has appeared. Institutional demand could make the pullback shallower.
- Standard Chartered: The most optimistic forecast. The bottom is already in at $59K. They expect growth to $100K by year-end on improving macro conditions.
Hougan highlighted the common threads across all reports: the low will come this year, price is closer to the bottom than the top, and the long-term bull trend remains intact. For long-term investors, the exact entry point matters less if the asset is headed to $100K and beyond.
Fundamental factors—rising government debt, inflation—continue to support bitcoin’s value. The main risks are the quantum threat and tighter regulation.
Learn more: What Is Bitcoin DeFi (BTCFi)? Complete Guide
