Bitcoin Price Forecast: Expected Peak at $145,000 in July Before Correction and Q4 Surge to $240,000

On July 16, financial analyst James Wynn shared his outlook on Bitcoin’s price trajectory, suggesting that the cryptocurrency may have reached its short-term peak for July. Wynn projects Bitcoin could hit approximately $145,000 by month-end before experiencing a significant correction down to around $110,000. This anticipated pullback is expected to set the stage for a robust Altcoin bull market within the next one to two months, a period marked by increased investor interest and market activity. According to Wynn, Bitcoin’s prolonged dominance is waning as altcoins gain momentum. Furthermore, he forecasts that with the Federal Reserve potentially lowering interest rates in the fourth quarter, Bitcoin could enter a renewed growth phase, possibly climbing to a range between $160,000 and $240,000. This analysis underscores the evolving dynamics in the crypto market, highlighting the interplay between macroeconomic policies and digital asset performance.