Analysts see base-building signs in Bitcoin, with some calling for a rally restart in September or October
Bitcoin has pulled back to around $62,000 as tensions between the U.S. and Iran escalated, but some market watchers say the current bear phase could end as early as September or October this year. Trader Ryker said the market largely expects the next bull cycle in 2027, yet market makers tend to position ahead of consensus, leading him to expect Bitcoin to start rising in the coming months. Trader Jelle pointed to a weekly “death cross,” arguing that the signal has historically appeared near the end of bear markets and may indicate a fresh accumulation phase. In the near term, analysts still see pressure on price action. They identified $64,000 as a key resistance level and said failure to break above it could leave Bitcoin vulnerable to a drop toward $57,800. On-chain data from CryptoQuant added another layer: addresses holding 100 to 1,000 BTC recorded net selling of about 67,000 BTC on July 13, the largest distribution since February. Even so, the firm said similar distribution patterns have often shown up shortly before rebounds, though the latest data alone does not confirm a market bottom.








