Is July Bullish for Crypto?
Last month was notably bearish for the crypto market, particularly for Bitcoin, $BTC saw a significant decline, dropping from a high of around $72,000 to a low of approximately $58,000, marking a roughly 24% dip.
Can we expect a turnaround in July?
Fundamentally, the upcoming U.S. election is generating positive sentiment in the crypto market. Additionally, the Ethereum $ETH ETF is set to be fully released next week, which could potentially lead to a market pump.
The charts offer further insights. On the weekly timeframe, the closing candlesticks are already showing upward momentum. Given this trend, it's plausible we could see Bitcoin reaching $66,000 or more by the end of the week.
Which crypto are you keeping an eye on this week?
Share your thoughts!
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