Analysis: Bitcoin may consolidate, but July peak still possible

Michael Harvey, head of franchise trading at crypto financial firm Galaxy Digital, said Bitcoin (BTC) may enter a brief consolidation phase but still has the potential to reach a new all-time high before the end of July. According to Cointelegraph, he noted that strong inflows into U.S. spot BTC ETFs, continued accumulation by treasury-focused firms and growing retail interest could fuel the next leg up. However, he also warned that BTC may face a short-term pullback of 5–10% due to profit-taking or weakness in equity markets.