June was quite volatile for the Bitcoin price and unfortunately the bears managed to drop the price by 7.12%. 📉 So, will July be different? 🤔

With June behind us, it's worth noting that Bitcoin has been on a roller coaster ride in the last 30 days, rising as high as $72,000 and falling to just over $58,000. However, sellers eventually prevailed and reduced the price by approximately 7% overall.

So, will things change in July? According to popular analyst Ali Charts, July is traditionally a strong month for Bitcoin. 🚀 Historically, times when Bitcoin has a negative June tend to bounce back strongly in July. In fact, BTC has returned an average of 7.98% and a median of 9.6% during this month.

If the last hours are any indication of how the month will go, the above looks about right. Bitcoin's price has increased by 4% in the last day and is currently trading at around $63,200. This brought its weekly performance to around 1.6% green.

Of course, this has left many short positions underwater, liquidations in the last 24 hours are around $106 million, about 85% of which are sellers.

So, how do you think the Bitcoin price will follow in July? We are waiting your comments! 💬