Can Bitcoin hold above $63,000? Things to watch out for this month

traded promisingly above $63,000 coming off the weekend as bulls attempted to gain higher ground ahead of the monthly close.

The BTC/USD pair faces more price volatility triggers in the second half of the year following a weak performance last quarter during which the pairin Q3. Bitcoin’s price has historically rebounded in July after tracking negative returns in June with an aggregated average return of 7.3% and a median return of 8.9%.

Fed Chair Jerome Powell is expected to speak at a European Central Bank conference in Sintra, Portugal on Tuesday, followed by Wednesday’s release of minutes from the Fed’s previous meeting.Signs of easing inflation so far have seen market commentators bet on a rate cutting-cycle by the US Federal Reserve at some point this year.two rates of 25 basis points each by the Fed before the end of the year per CME’s FedWatch tool.

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