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06/11 18:53

Bitcoin May Face Struggle in Q3 as Eyes Turn to ‘C

Bitcoin May Face Struggle in Q3 as Eyes Turn to ‘Catch-Up’ Ethereum — Analysts

Bitcoin is moving in the “opposite direction of retail expectations,” which could lead to a lag in price gains, Santiment analyst Brian Quinlivan tells Cointelegraph.

Market expectations for Bitcoin to reach new highs could prevent that from happening in the near term, but that doesn’t rule out the possibility of Ether surprising investors, analysts say.

Santiment analyst Brian Quinlivan told Cointelegraph on Wednesday that the analytics firm “sees the expectation for Bitcoin’s next ‘all-time high’ on social media. When markets move in the opposite direction of retail expectations, it’s usually a sign that we’re not quite ready for another bull run yet.”

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