When to Expect New Bitcoin Price Volatility

• Bitcoin price movement has slowed down, failing to secure $105K as support.
• Geopolitical issues and US holidays contribute to the current lack of volatility.
• Upcoming July and August trade deadlines may spark potential BTC price fluctuations.

Upcoming Geopolitical Events to Influence Bitcoin’s Direction

Bitcoin analysts are keenly watching the market as July and August approach, expecting volatility to return to BTC prices. Recent trends show Bitcoin, or BTC, sluggishly navigating its way through a narrow range. With price action hovering around $105K, market participants are left wondering what might catalyze a decisive break from this current stagnation. Geopolitical tensions and a sleepy Federal Reserve response have made it tough for financial assets, including cryptocurrencies, to gain any traction.

Market Waiting for Volatility Catalysts

The subdued market environment is largely attributed to the recent US Juneteenth holiday, which kept stock exchanges closed and further impeded any momentum. The Federal Reserve, meanwhile, signaled a steady interest rate policy during their June 18 meeting, emphasizing a ‘wait and see’ approach, which hasn’t bolstered trader confidence. Now, eyes are shifting towards deadlines in the ongoing US trade war as potential volatility catalysts. QCP Capital pointed out in a recent bulletin that upcoming key dates could be the spark crypto traders are looking for. July 14 marks when the EU is expected to retaliate against US goods, followed by a critical August 12 when tariffs on China lapse.

Bitcoin Traders Await Bigger Moves

Bitcoin’s recent price behavior has traders holding their breath, waiting for any sign of movement from the current trading price. Popular analyst and trader Daan Crypto said there’s a chance we might see some action in the latter part of June, specifically this week. He pointed out that Bitcoin has been bouncing around the $105K mark which lies right in the middle of its monthly range. This continual compression, he argues, suggests that a big move is near. Another trader, Skew, has set sights on taking liquidity bids around $103,000, indicating market participants are eager for a shift. On the other hand, Michaël van de Poppe dubbed the recent Fed event a ‘nothingburger’ and predicted Bitcoin might soon test $106K, possibly paving the way for an upward breakout.

In summary, Bitcoin’s current price action is heavily influenced by a mix of geopolitical uncertainty and Federal Reserve policy inaction. Upcoming trade war deadlines could inject volatility into the market, while traders anticipate an end to the recent stagnation. As Bitcoin hovers around the $105K mark, the pressure is mounting for a significant price movement in the near future.