In our last Bitcoin outlook, we concluded that “Bitcoin remains in a downtrend off the October 2025 high” and that “For now, there’s no evidence that the current downtrend is ending yet.” Despite some fits and starts, including a bounce above $80K by mid-May, that forecast has proven correct. The key question for crypto traders now is when (and perhaps more importantly where) the downtrend will run its course. Below, we update our quarterly outlook for the king of cryptocurrencies and highlight relevant fundamental and technical trends that will drive Bitcoin in the coming months. Starting from a top-down ... (full story)