Bitcoin (BTC) May Underperform for Another Three Months: Analyst

Bitcoin's performance in Q2 has been underwhelming, falling behind stocks and bonds. The BTC price has been struggling to break past the resistance of $69,000-$70,000, dropping by 5% in Q2. Bitcoin miner capitulation is a significant factor in the price struggles. Crypto market analysts suggest Bitcoin might underperform for another three months before resuming its uptrend. Analyst Rekt Capital points to the long-term consolidation of the BTC price between $60,600 and $71,500 for the past three months, suggesting this consolidation could continue for another three months. Despite this, the analyst believes the consolidation will be beneficial for investors, ultimately leading to a sustainable bull run.