TechFlow reports, EMC Labs tweeted that the recent large sell-off was likely just the first wave of profit-taking in the current bull market. As long-term investors return to accumulation mode, selling pressure is expected to ease. With capital flows turning positive again, the market is poised to resume its upward trajectory.
The end of the high-interest-rate environment in the U.S. is highly likely to occur in the second half of this year. Therefore, despite current low market sentiment and thin trading volumes, EMC Labs remains optimistic that BTC will likely begin its rally as early as autumn.
Earlier on June 25, EMC Labs stated: The medium-term correction in BTC has likely ended, with the market rebounding from $58,400.
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