Bitcoin Potential Peak in July Sparks Rapid Rally and Sharp Drop

The analysis indicates that the upcoming July is pivotal for Bitcoin's trajectory. If Bitcoin surpasses $108,300 in July, a rapid ascent towards $130,000 to $150,000 is plausible, with a potential spike reaching $169,000 before a steep decline, culminating the yearly cycle. Currently, the candle has marked five consecutive months of gains, a pattern previously observed only in 2017, where it signified the cycle's peak. Unlike typical cycles that peaked towards the end of the year, this pattern suggests an anticipated peak in July, possibly driven by early whale activity to mislead investors. Divergence in RSI on weekly and monthly charts further supports the notion of an imminent top. The scenario changes if July closes below $108,300, which would imply a trading range of $88,000 to $108,000 until RSI reset, with a potential late-year peak reminiscent of past cycles. Investors should remain vigilant, as the main top could be near, with nascent altcoin movements potentially occurring beforehand.