[Analysis: Multiple Indicators Signal Bottom Formation, Some Analysts Predict Bitcoin May Restart Bull Market in September to October] BlockBeats News, July 13 — Despite Bitcoin recently retreating to around $62,000 due to the escalation of U.S.-Iran tensions, some market analysts believe this bear market may end between September and October this year, with the bull market potentially starting earlier than the general market expectation. Trader Ryker stated that the market generally expects the next bull market to begin in 2027, but market makers often position themselves ahead of time. Therefore, Bitcoin is expected to start rising in September or October this year. Trader Jelle pointed out that Bitcoin's weekly chart has already shown a "death cross," a signal historically appearing at the tail end of bear markets, indicating the market may have entered a new accumulation phase. However, in the short term, Bitcoin still faces pressure. Analysts believe $64,000 remains a key resistance level, and if it fails to break through, the price could potentially fall further to around $57,800. Additionally, this week the market will see the release of U.S. June CPI and PPI data, as well as Federal Reserve Chairman Kevin Warsh's testimony before Congress. Meanwhile, the escalation of U.S.-Iran tensions and the heightened situation in the Strait of Hormuz are driving up oil prices and inflation expectations, which may continue to disrupt risk assets, including crypto assets. On-chain data from CryptoQuant shows that medium-sized addresses holding 100 to 1,000 BTC net sold approximately 67,000 BTC on July 13, marking the largest distribution since February this year. However, the institution noted that historically, similar distribution behaviors often occur shortly before price rebounds. While the current signal is insufficient to confirm a market bottom, it is approaching the historical range where significant behavioral shifts among medium-sized investors occur. [Original Link]