The analysis by cryptocurrency company Matrixport indicates that July often brings positive indicators for Bitcoin. Historical data confirms this trend.
Analysis of Bitcoin's Historical Performance
According to the latest analysis from Matrixport, in seven of the last ten years, Bitcoin closed July with an increase, showing an average return of 9.1% in these months. In the years of decline, losses remained in single digits.
Market Optimism in Cryptocurrency
As July approaches, optimism and bullish expectations in the market are increasing. Matrixport's analysis suggests that this historical trend may manifest itself again, linked to rising investor sentiment this month.
Future Predictions for Bitcoin's Value
Matrixport predicts that Bitcoin's price could test the $116,000 level in the coming weeks. This forecast is based on a combination of technical and sentiment indicators, which may indicate the start of a new bullish wave in the market.
Matrixport's analysis highlights Bitcoin's historical profitability in July, creating positive expectations for the future. However, it's important to note that this is not investment advice.
