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Bitcoin $BTC Price History Suggests Potential Reversal in July

Despite a bearish June, Bitcoin's price history indicates a possible positive trend in July. According to Cryptorank insights, June will mark the second consecutive month with a negative closing price, following a 0.87% drop in January and gains in February and March. However, April saw a 14.7% decline, followed by an 11.1% increase in May, and a current 8.79% drop in June.

Historically, Bitcoin has recorded more significant plunges since 2020, with four out of the past five years ending in the red. Despite this, market experts remain optimistic about its future trajectory. Unlike last June's 11.9% gain, July saw a 4.04% decline. However, with no major regulatory headwinds and historically bullish trends in months like October, Bitcoin may reverse its trend and end higher than it started.

At the time of writing, Bitcoin's price has fluctuated between $60,630.05 and $61,605.23 in the past 24 hours, indicating a 1.23% growth rate. While the future is uncertain, Bitcoin's price history suggests a potential reversal in July, making it a crucial month for the cryptocurrency's trajectory.

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