CryptoQuant analyst predicts brief Bitcoin pullback, but rally later this year

Bitcoin (BTC) may be headed for an upward trend in the second half of the year, despite a projected short-term dip, according to a new analysis from CryptoQuant contributor Crypto Dan. He attributed the limited downside risk to BTC’s relatively modest price gains in recent weeks. In a post on the analytics platform, Dan said the market appears to be in a short-term overheated state, as measured by the percentage of investors who have held the flagship cryptocurrency for just one day to one week. However, he pointed out that the current overheating is more moderate and expected to resolve more quickly compared to those seen during the corrections from March to October 2024 and January to April 2025.