Analysts Predict Bullish July to Follow Bearish June for Bitcoin, Here’s Why

Crypto market capitalization fell 14% in June, from a $2.78 trillion high early in the month to around $2.4 trillion by the end of it.On June 30, market analyst Murad Mahmudov posted a chart on X showing previous local market bottoms in June, followed by a bullish recovery in July stretching back to 2018.

Nevertheless, they remained range-bound until the end of October, and similar sideways action has been predicted for this year. “This cluster could develop over the whole month of July. But ultimately, it exists to prepare Bitcoin for a rally back to the range high at $71,500.”, is expanding again. This would be very good for crypto as more money in the system leads to greater liquidity and investment into higher-risk assets.

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