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Bitcoin is holding around $74,000 as markets await an upcoming Clarity Act roundtable, with broader crypto trading described as largely sideways.
Crypto trader Jelle said traders may want to wait for confirmation before entering positions, either through a clear price setup or a strong RSI higher low. He emphasized avoiding forced trades and letting the market provide a signal.
Titan of Crypto noted that momentum indicators are weakening, which he said could suggest potential seller exhaustion. He added that this does not confirm an uptrend, and that more ranging—or even lower lows—remains possible.
According to CryptoCon, the current drawdown is around 41% from the peak, described as the mildest compared with previous Bitcoin bear markets. However, he cautioned that price action still resembles past cycles closely.
CryptoCon’s historical framing suggests Bitcoin could move into a “unification zone” between June and September, with prices potentially drifting lower toward the $45,000–$35,000 range. He also referenced the possibility of a final capitulation phase if historical patterns repeat.
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