The Summer Rally is on for Bitcoin (BTC)! The Analysis Company has indicated this month for the rally!

Bitcoin has surpassed 111 thousand dollars in the past weeks, setting new records. However, after the pullbacks, BTC is currently moving within a certain range.

At this point, as the bullish expectations decrease with the arrival of summer, the question arises: "Will there be a summer rally in BTC and altcoins?"

QCP Capital, which analyzes the current state of Bitcoin, stated that investors have postponed their rally expectations to September.

Analysts indicating that Bitcoin volatility has decreased with the market showing signs of fatigue stated that the volatility has reached annual low levels due to the BTC price movement being stuck within a certain range.

Analysts indicating that historical data shows Bitcoin volatility could decrease further until July also stated that the price could drop.

Analysts warned that Bitcoin prices could experience sharp declines due to the apparent lack of a clear upward catalyst and the failure of recent macro events to create momentum.

QCP analysts also noted that investors have postponed their bullish bets, delaying July options to September.

According to analysts, it seems more likely that Bitcoin will remain in its current range without a breakout above $110,000 or below $100,000.

Eyes will be on the US CPI and PPI data to be released this week for the downward or upward movements in Bitcoin.

"A clean break below $100,000 or above $110,000 will likely rekindle broader market interest, but we currently do not see a clear near-term catalyst to drive such a move."

This is why we expect Bitcoin to move within a certain range.

Investors are indecisive in the face of Bitcoin's movements. The option flows from last week also reflect this indecision. We saw that the peak expectations from July have been postponed until September.

Important events to watch this week: US CPI on Wednesday, US PPI on Thursday, Unemployment Claims

*This is not investment advice.

Follow our Telegram group, Twitter account, and Youtube channel for exclusive news, analyses, and on-chain data! Also, download our Android and IOS apps to start tracking live prices right away!