May is poor, June is desperate, and July is a turnaround!

BTC got off to a good start on the first day of July!

It rose by 5% in one day and is now $63,407.

So is this a turnaround in the market or a trap before the decline?

The biggest event this month was the repayment of MT.Gox, which was as high as $9 billion.

However, the number of BTC flowing into the exchange has decreased, indicating that the market will not sell a large amount of BTC in the short term, so this is a bullish signal.

Miners are now also stopping selling BTC as prices rise, and the holdings of miners have increased significantly recently.

The CMF value of Bitcoin is positive (0.15), indicating that buying pressure exceeds selling pressure in a given time period.

The overall trend in July is bullish.

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