Crypto market sentiment has held steady despite Bitcoin tumbling almost 2% over the past day to change hands close to the $105,000 price level . The sentiment-tracking Crypto Fear & Greed Index posted a “Greed” score of 63 out of 100 on Wednesday, slipping one point from Tuesday, as Bitcoin pulled back 1.79% in a drop to $105,560 after nearly reaching $108,000 the previous day . Some analysts noted that the third quarter, which began on July 1, is typically a weaker period for Bitcoin . Since 2013, Bitcoin has averaged a 5.47% gain during the third quarter each year . If that trend holds, it would place Bitcoin's price around $111,000 on Sept. 30 — just shy of its all-time high of $111,970 . Daan said the weaker performance during the quarter is due to the “slower summer months where there's generally less action, volumes liquidity” . Bitcoin's Q2 performance matched average gain, posting a 31% gain at $108,383 . However, Bitcoin ended the month of June with its highest monthly candle . Other indicators signal that the market is still heavily favoring Bitcoin . Bitcoin dominance is sitting around 65.5%, up nearly 13% so far this year . Earlier in July, the crypto market saw significant declines despite Bitcoin's record monthly close the day prior . Bitcoin (BTC) managed to maintain its footing above the $105,000, but altcoins experienced drastic declines, with some posting double-digit percentage losses for the day .
