Bitcoin shakes off bears as weekend rally

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Bitcoin recovered early losses with a more than 10% surge over the weekend, surpassing the $64,000 benchmark after reaching a low point from about $56,800 on Wednesday.

Renewed flows for US spot Bitcoin exchange-traded funds (ETFs) in Friday’s trading session, mainly the first-time entries into the Grayscale Bitcoin Trustacted as a positive catalyst for Bitcoin price action.

The bloodbath of the first few days of the week took much of the confidence out of the crypto market. However, just like Bitcoin’s recovery, investor confidence appears to have returned over the weekend.

According to Alternative’s Fear and Greed indexmarket sentiment went from “greed” last week to “fear” on Wednesday, remained neutral the next day and changed to “greed” over the weekend.

Despite the uncertainty surrounding the current correction in Bitcoin’s value, this period has historically presented a favorable buying opportunity. Furthermore, some analysts believe that Bitcoin is poised for a significant price increase.

Ki Young Ju, CEO of CryptoQuant, reported that Bitcoin whales accumulated more than 47,000 BTC as of Friday. This accumulation suggests that the recent price correction, which saw Bitcoin fall below the psychological $60,000 mark, is seen by institutional investors as a buying opportunity.

Technical analyst Rekt Capital noted that historically, Bitcoin has experienced a short “danger zone” after the halving before continuing its upward trend. He sees the recent correction, one of the longest in this 49-day cycle, as a precursor to a potential bullish surge in value from mid-September to mid-October 2025.

Bitcoin could stabilize between US$60,000 and US$70,000 by August

In your recent blog postfounder of BitMEX Arthur Hayes anticipates that Bitcoin will regain momentum as market conditions improve, especially following the US tax season and other temporary market pressures such as speculation surrounding the Fed’s rate decision, Bitcoin halvedand demand for ETFs decreases.

Hayes suggested that “stealth money printing” and adjustments to Federal Reserve policies and US Treasury policies increase the attractiveness of non-fiat assets like Bitcoin. He predicts that the price of Bitcoin will rise above $60,000 and then stabilize in the $60,000 to $70,000 range by August.

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