Will Bitcoin Rise This July?
Analysts are turning to historical data and technical indicators to navigate this uncertain territory. One key factor is July’s past performance. Data shows that Bitcoin has experienced price increases in seven out of the past eleven Julys.
Bitcoin’s Post-Halving Surge Key
A crucial difference exists in the current market. We haven’t yet closed a post-halving trading period at an all-time high. If this occurs in July, it could signal a continuation of the bull run potentially lasting until March-May 2025.
A less optimistic scenario, factoring in diminishing returns, might see a shorter growth period ending in January or February 2025. Looking beyond July, technical analysis, including the bullish flag pattern, suggests further upward movement for Bitcoin.
Note: The first 15 days of July have been the best two-week trading period of the year since 1928.
So How Bullish Are You ?
