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.