July could be bearish due to two reasons:

1. Mt. Gox Bitcoin Unlocking:

🔹 Mt. Gox will repay 140,000 BTC ($9 billion), increasing selling pressure.

🔹 Creditors may sell BTC to recover funds, impacting market stability.

2. Profit-Taking Indicators:

🔹 Investors are cashing out profits at current Bitcoin prices.

🔹 They think Bitcoin price might not go higher and this action could reduce trading volume in the market.