BTC bottom likely to form in September, says BIT

Bitcoin could continue its correction for approximately the next two months before bottoming out in September, according to an analysis by BIT. The firm explained that while July is typically a strong month for BTC, it has historically been followed by a two-month adjustment period. According to BIT, unlike last year when optimism surrounding the Genius Act supported the market, there is a lack of similar momentum this summer. The analysis notes that current trading volume is sluggish and downside risks remain high, limiting short-term upside potential. BIT concluded that the bottom for this cycle is likely to form around September, suggesting that strategies focused on stable profit generation are more suitable than directional bets.