The following analysis is made on the current trend of Bitcoin and the forecast for July:
July trend forecast: $BTC
- In the short term, BTC may fluctuate and consolidate in the range of 53,000-57,000 US dollars to find direction.
- If it cannot stand at 55,000 US dollars, it may further drop to around 50,000 US dollars to seek support.
- In the medium term, BTC may still return to above 60,000 US dollars in July, but the upper resistance is large.
- Overall, it is expected that July will show a volatile pattern, and the fluctuation range may be between 50,000-65,000 US dollars.