๐๐Buckle up, BTC enthusiasts! June was a wild ride for Bitcoin, with prices soaring to a whopping $72,000, only to plummet to a low of just over $58,000. ๐ข๐ The bears had the upper hand, pushing the price down by a hefty 7.12%. But hey, don't lose heart! ๐
๐ฎ๐ฎJuly might just be the game-changer we've all been waiting for. According to Ali Charts, a popular analyst on X, July is traditionally a strong month for Bitcoin. ๐๐ Historically, when Bitcoin has had a negative June, it tends to bounce back strongly in July. In fact, BTC has shown an average return of 7.98% and a median return of 9.6% during this month. ๐๐
๐๐The BTC bulls are already making their move! Bitcoinโs price increased by 4% over the past day, currently trading at around $63,200. This has also pushed its weekly performance in the green by about 1.6%. ๐น๐ฐ This has left many short positions underwater, with liquidations for the past 24 hours standing at $106 million, with around 85% of them being sellers. ๐๐โโ๏ธ
So, keep your eyes peeled, folks! July could be the month of Bitcoin's comeback! ๐๐