Will Bitcoin close at the end of July "up or down"?
Since July, Bitcoin prices have been rising, successfully shaking off the bearish haze of June, setting new highs, and the monthly performance is eye-catching. Although this growth trend is exciting, it still makes investors nervous, after all, the price of BTC is still hovering below $70,000. As the month draws to a close, key questions remain unresolved
It did not follow the trend of previous years, but formed a sharp contrast with the same period in 2023, showing a "mirror effect". Specifically, in April 2023, Bitcoin rose steadily with a monthly return rate of 2.81%, but in April 2024, the market suddenly took a sharp turn, and the price plummeted by 14.76%, and the return rate turned from positive to negative in an instant.
This trend continued in May and June: a 6.98% drop in May 2023, but a strong rebound of 11.07% in the same period of 2024; on the contrary, the strong momentum of an 11.98% increase in June 2023 was replaced by a 6.96% drop in June 2024.
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In addition, think about the fact that the BTC price closed at a drop of 11.29% in August 2023, which is undoubtedly a great sign for the current price, because it is very likely to indicate that the price will usher in an upward trend in August.
