Crypto market analyst Ali Martinez expects the price of Bitcoin (BTC) to recover in July after a month of bearish trend. 📈

According to Martinez, in July after the “negative June” the average recovery of the Bitcoin price was 7.98%. BTC is down 9.25% in the last 30 days.

Bitcoin posted a 30-day high of $71,907 and low of $58,554.

However, billionaire and Bitcoin supporter Peter Thiel does not expect a dramatic rally in the price of BTC.

The decline began on June 10, when US ETFs recorded their first outflow in a month.