As the European Central Bank forum is about to commence, and announcements from the heads of various institutions, including the Fed, are imminent, July unfolds with the cryptocurrency markets entering a crucial phase. The results of tariff negotiations will be revealed in a matter of hours, while the U.S. employment data is poised for release this week.
The Predictions by Crypto Analysts
The first two quarters of the year have not been particularly favorable for cryptocurrencies. While BTC and ETH have managed to gain some traction, the broader range of altcoins continues to struggle. In the coming days, we anticipate the emergence of 13F filings that detail companies’ crypto ETF holdings, eliminating uncertainties around tariffs and furnishing data that will influence the Fed’s interest rate direction.
Volatility is expected to be significant in July, with potential for substantial movements in both directions. Details surrounding the scope of tariff agreements and the countries that remain outside these agreements are likely to considerably impact investor psychology.
Jelle, in his initial assessment for the new month, expressed optimism that BTC is positioned for further upward movement.
“The 50-day MA/EMA cluster continues to push Bitcoin 
$77,196 upwards. It’s currently positioned at previous ATH levels. It’s like a ball held underwater. It will eventually shoot up.”
On the other hand, Henrik Zeberg adopts a much more cautious approach.
“We are approaching the summer lull. I anticipate another rise before the summer peak.
We’ll see another peak before the rise ends. But be careful! The decline could start earlier.
And the drop in late July and August could be deep!”
POPCAT Price Prediction
Altcoin investors are hopeful for an end to the incessant shaking of the markets under extraordinary shocks. Altcoins outside the top 10 cryptocurrencies have hit new lows. The inflow into altcoins has significantly weakened, driven by the panic of investors seeking to avoid large-scale disruptions that global or trade war concerns could bring.
It’s time to see normalization and a recovery in crypto markets catalyzed by the Fed’s interest rate cuts. The nearly 1100-day downward trend of ETHBTC is reaching the end of endurance. So, what does Altcoin Sherpa say about one of his favorite cryptocurrencies, POPCAT?
“If BTC experiences a full rise, large-cap memecoins will follow, but if we see more volatility, I think coins like POPCAT will consolidate in this area for a few days/weeks. Despite believing that local bottom levels are relatively reached, I don’t see real action unless BTC breaks the ATH.”
