June has been a challenging month for Bitcoin, with the price dropping by nearly 10%. However, analysts are optimistic about a bullish trend in July 2024. QCP Capital highlights that Bitcoin tends to bounce back strongly after a negative June (-9.85%), with a historical median return of 9.6% in July. This positive seasonality is expected to also benefit Ethereum. Despite the rough June, easing miner sell pressure and other bullish indicators suggest a positive outlook for Bitcoin and Ethereum in the coming month.
#Bitcoin set for ‘bullish July’ after June slump, analysts predict via @hardeyjumoh https://t.co/WtkfXXuhwv
Will July be bullish for Bitcoin and Ethereum? Analysts suggest July could be a strong month for BTC and ETH due to historical positive seasonality. QCP Capital noted Bitcoin’s median return of 9.6% in July, especially after a negative June (-9.85%), with Bitcoin options… https://t.co/3xK42DtAT8
JULY EXPECTED TO BE A VERY BULLISH MONTH INDEED FOR BITCOIN AND ETHER - HERE’S WHY - The price of $BTC collapsed by almost 10% last month in June, but things may well be looking bullish in the next 30-days… - As pointed out by QCP Capital, “many signs point to a bullish July”.… https://t.co/vDFRqWmS6R https://t.co/GazZK74bmz
JUST IN: JULY EXPECTED TO BE A BULLISH MONTH FOR $BTC AND $ETH PER QCP CAPITAL - BITCOIN "TENDS TO BOUNCE BACK STRONGLY ESPECIALLY AFTER A NEGATIVE JUNE"
July is a historically bullish month for Bitcoin but this year might be different. https://t.co/LVJN1oGQe2 https://t.co/UQp2tJg4Fx
June has been rough for #Bitcoin price. But there are bullish $BTC bright spots, including easing miner sell pressure, when we look closely. 🧵 https://t.co/gwE4kTSkS6
Historically, Falling #Bitcoin Price in June Means Double-Digit Gains in July A thread 🧵 https://t.co/p3KSZqKKdx