Bitwise research head André Dragosch stated on X that July may be a crucial month for Bitcoin to transition from bear to bull market. He noted that if semiconductor stocks reverse sharply from current levels, the Fed may respond dovishly, and Bitcoin could bottom out earlier than the widely expected October low.
ChainCatcher news, Bitwise research head André Dragosch posted on X that July could be a pivotal month for Bitcoin to shift from a bear market to a bull market.
He pointed out that if semiconductor stocks undergo a sharp reversal from current levels, the Federal Reserve may adopt a dovish response. Bitcoin is likely to complete its bottoming process earlier than the market's general expectation of an October trough.
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