Will We See More Increase in Bitcoin? Or Is the End of the Bull Near? Analysis Company Announced!

Bitcoin has been setting new records for the last two days, and there is an increasing expectation in the market that the rise will continue to higher levels.

At this point, the latest analysis comes from the crypto service provider Matrixport. In his recent analysis from the Matrixport X account, he argued that the rise in Bitcoin has not yet ended and that the expected fundamental catalysts are still not priced in.

The Rise in Bitcoin is Not Over!

Matrixport analysts noted that Bitcoin has reached a new record level, but unlike previous rises, this rise occurred with minimal leverage and limited retail purchases.

Analysts point out that the recent rise was driven by strong spot ETF inflows and increasing institutional demand. They also mentioned that significant catalysts, including the increasing political pressure on the FED to cut interest rates, the potential adoption of the GENIUS Act, and the historically strong seasonality of July, are still not priced in.

"This rise in Bitcoin is supported by strong institutional buying momentum and robust ETF inflows. This makes the recent rise different from past increases.

Open positions in Bitcoin are gradually increasing, but there are still no significant new leveraged long positions.

At this point, this increase should be seen as a structural rise trend rather than speculation.

Matrixport recently stated that it is likely that Bitcoin will maintain its upward momentum and listed events that could trigger the rise.

"If the seasonal strength in July and Bitcoin ETF inflows continue, the rise may continue further.

With the announcement of progress in legislation during the "Crypto Week" starting on the 14th of the U.S. House of Representatives, a continuation of the rise in momentum is expected.

At this point, the FED's interest rate policy, the announcement calendar for next week's Consumer Price Index (CPI), and important variables such as the GENIUS Act have not yet been priced in.