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Bitfinex report: BTC still needs some time to consolidate before strengthening in the fourth quarter
2days ago

Odaily Planet Daily reports that Bitfinex Alpha reports that Bitcoin is currently stabilizing between $108,000 and $112,000, with buyers defending key support and filling the gap left by July's rapid rise. While a deeper pullback remains possible, a more likely outcome is a time-based consolidation, particularly given that September historically marks a cyclical low before a historically strong fourth quarter. If the Federal Reserve confirms a September rate cut, falling real yields and a weakening US dollar could amplify BTC's seasonal upside, laying the foundation for a renewed upward momentum. Until then, consolidation remains the prevailing scenario, with ETF flows, macro policy changes, and derivatives positions becoming key signals to monitor.