Bitcoin (BTC) may be set for a strong rebound in July, following a 7% drop in June, say analysts. Historical data from Coinglass shows that Bitcoin has typically slumped in June, but has often bounced back in July, with an average gain of 7.42%. In seven of the last eleven July trading periods, BTC has posted minimum monthly gains of 8%. However, some analysts predict a tougher July due to large Bitcoin sales from the German government and the upcoming Mt. Gox repayments, which could put pressure on the price of Bitcoin. Despite this, other analysts believe the impact may not be as severe as expected.