Matrixport: Bitcoin price is expected to rebound to $35,000 in July and may rise to $45,000 by the end of the year

According to CoinDesk, crypto service provider Matrixport said in a report on Wednesday that investors who are bullish on Bitcoin are preparing for a "seasonal rebound" because Bitcoin prices tend to rebound in July. Over the past decade, Bitcoin prices have risen by an average of more than 11% in July, with positive returns in 7 of the 10 months. The returns in July over the past three years were around 27%, 20% and 24%, respectively.
Research director Markus Thielen said that while summer is often a period of consolidation for Bitcoin prices, July is often strong, August is mediocre, and September is a period of selling. Matrixport expects Bitcoin prices to rebound to $35,000 before being sold off and falling back to $30,000. In addition, it predicts that Bitcoin's year-end target price is $45,000.