Bearish Outlook for Bitcoin, Solana: Analyst’s Summer time Forecast

• Analyst Ansem said that BTC and SOL would possibly proceed sideways consolidation. 
• Ansem sees no bullish transfer earlier than the top of Q3/This autumn.
• The analyst mentioned he isn’t a believer within the principle that the market has already topped.

Crypto analyst Ansem predicts a sideways summer season for Bitcoin and Solana, with potential alternatives arising within the altcoin market.

The analyst’s insights, shared on X (previously Twitter), spotlight the various actions of various cryptocurrencies and the significance of figuring out robust narratives for potential outperformance.

Ansem mentioned that Bitcoin and Solana (SOL) haven’t damaged beneath the highs seen in March, which suggests the potential of “sideways consolidation earlier than the following leg up,” whereas Avalanche (AVAX) and different altcoins have damaged down beneath the March highs after being caught in a spread for 3 months.

However, older altcoins like Aave (AAVE) didn’t witness an uptrend this cycle and are nonetheless “caught in outdated ranges from the bear market.” In the meantime, the main meme tokens like Pepe (PEPE) and Dogecoin (DOGE) have proven actions much like Bitcoin and Solana, whereas newer tokens like TIA, ALTLAYER, DYM have charts much like AVAX.

Ansem said that it can be crucial for traders to concentrate on robust narratives and select the best altcoins that might outperform the broader crypto market from this level on, including:

“Many alts topped in March and have already been in a downtrend, you possibly can undoubtedly make an argument that they’ve already skilled most of their draw back & now individuals are simply realizing late.”

The analyst predicts that BTC and SOL will proceed to witness sideways motion and downward motion till late Q3/This autumn, suggesting a bearish summer season. Moreover, he additionally highlighted the potential of BTC and SOL seeing “ugly capitulation,” leading to bottoms across the $85-$100 value ranges for SOL and $48k-$52k for BTC.

Curiously, Ansem isn’t a agency believer within the principle that the market has already topped, including that the extra seemingly situation “is simply prolonged sideways whereas we see extra app improvement occur throughout the board within the house with $BTC + $ETH ETF flows persevering with & we simply passively development up alongside shares.”