History suggests Bitcoin poised for rebound in July

📆 7/1/2024 4:46 AM
📰 Cointelegraph

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Bitcoin has a tendency to bounce out of its June downtrend in July, but analysts say upcoming Mt. Gox repayments could weigh heavily on the hopes of a rebound.

) may see a strong rebound in July following a lackluster performance in June, which saw Bitcoin falling almost 7% in the month, according to analysts

Overall, BTC has posted minimum monthly gains of 8% for seven of the last eleven July trading periods. Memecoin analyst Murad also noted this in a post to their 103,000 followers on X, pointing to the swift historical rebounds beginning in July.

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