Analysts note that July has historically been favorable for Bitcoin, which may lead to price increases in the coming weeks.
Historical Bitcoin Performance in July
According to Matrixport, over the past ten years, Bitcoin has shown positive performance in July seven out of ten times, averaging 9.1% gains. Only three years experienced modest declines, while five years recorded double-digit profits.
Analysts' Predictions
Matrixport predicts that Bitcoin's price may rise to $116,000 in the coming weeks, considering favorable risk/reward balance. Analysts, including Michael van de Poppe, suggest that current price dips represent buying opportunities.
Current Market Situation
At the time of writing, Bitcoin's price is $106,800, which is down 1% from the previous day. Trading volume has increased, but open interest in the derivatives market has dropped by 1.68% in the last 24 hours.
Considering historical data and analyst forecasts, Bitcoin may show significant growth in July 2025, highlighting opportunities in the cryptocurrency market.
