As U.S. markets opened negatively, there are expectations of further declines in BTC performance. Recently, Trump’s comments blaming Biden for market weakness and economic fragility have energized bearish trading sentiments. The question now is, what will be the dollar value of cryptocurrencies before summer arrives?
Summer 2025 Cryptocurrency Forecasts
Typically, around mid-May to June, a familiar pattern emerges in cryptocurrencies—prices descend, initiating the “sell and go on vacation” mindset. This year, we might experience a similar cycle, though historical data does not guarantee consistency every time. Hence, if the market is to rise, only a few weeks remain for a potential uptick.
Announced agreements and potential official talks with China could fuel this momentum, alongside critical upcoming statements from the Federal Reserve scheduled for next Wednesday, especially against the backdrop of current recession signals. Jelle anticipates new peaks in crypto, led by BTC, independent of these fundamental developments, driven by the analysis of the chart below.
“December’s lows have been reclaimed. Fibonacci extensions target a $131,000 goal. There’s little resistance ahead. If breaking $100k, we’ll likely reach it before summer.”
If BTC achieves these levels before summer, it could trigger significant peaks in the broader cryptocurrency market. Kyle has observed notable shifts in open positions, with a $2.2 billion increase over 20 days.
Bitcoin (BTC) and Dogecoin
After a sharp decline from $11.9 billion to $7.5 billion, open interest surged 29%, reaching $9.7 billion. Such dynamics support a substantial pre-summer activity in cryptocurrencies.
“Intense futures activity = strong upward pressure. Is the beast reawakened?” – Kyle
The following chart shared by Bullet offers Dogecoin $0.223361 (DOGE) investors optimism. If the scenario unfolds, we might witness a new all-time high above $3.
“DOGE is writing a textbook Accumulation Cylinder. Expect a massive rise in a few months. We don’t know the catalyst, but something interesting is coming. Adding the BTC dominance peak, we have the perfect move recipe.”