Analyst: Bitcoin may perform weakly in Q3, focus on Ethereum's' catch-up 'opportunity

According to Golden Finance, Santiment analyst Brian Quinlivan said in an interview on Wednesday that the analysis company "sees expectations on social media for the next 'historic high' for Bitcoin. As the market often goes against retail expectations, this usually means we are not ready for the next bull market Quinlivan suggests that historical highs often do not follow closely due to the lack of skepticism, but as Bitcoin has repeatedly approached historical highs, market sentiment has entered a lower level, which could push Bitcoin to break through its current highs. According to CoinMarketCap data, as of the publication of this article, the trading price of Bitcoin is $109679, only 2.1% away from its historical high of $111970, which occurred on May 22nd.