We figure out why this July can be a springboard for bitcoin growth (BTC).
The new Bitcoin growth stage (BTC) may already be close. This is evidenced by historical data, optimistic technical indicators and the growing trust of investors.
Why July can be the beginning of the next large rally BTC
Bitcoin confidently holds above $ 107,000. At the time of writing, its price was $ 107,076, which is 50% higher than in the first week of April. Now cryptocurrency is consolidated within the framework of the bull flag, and a breakthrough up can be inevitable. Flags are the consolidation zones that show the movement against the trend after sharp growth.
User X (Twitter) Zerohedge recently noted that S&P 500 showed positive results in July over the past ten years. The average profitability of the index was about 2.3% over the past two decades. Bright examples include an increase of 3.11% in July 2023 and 1.13% in July 2024.
In the 1970s and 1980s, the results were less stable due to macroeconomic upheavals, such as the oil crisis and the collapse of 1987. However, the latest trends show that July has historically been a strong month. Therefore, the correlation of bitcoin with S&P 500 can lead to an increase in cryptocurrency in July, if the story is repeated.
The analyst Crypto Fella also sees the potential for growth. He notes that the BTC is preparing for a breakthrough, following the S&P 500. This indicates the rapprochement of traditional and digital markets.
Cryptic Reflects this seasonal fair wind when Bitcoin also demonstrated power in the summer.
From shakes to breakthrough: Bull market signals and altsyzone bets
Oachin-data and moods show that bitcoin can again gain momentum. Steblcoin metrics indicate that the BTC rally has not yet been completed.
Analyst 0xnobler believes that the market leaves the last phase of the shock and goes into a new upward trend.
It indicates the possible season of altcoins, but only for “correct low -capitalized.” He emphasizes that successful traders are focused on cyclic patterns formed by the psychology of the market, changes in regulation and technological innovations.
Cast results do not guarantee future income. However, the stars seem to promise the bull July both promotions and cryptocurrencies. Investors can again see BTC at the forefront of growth. It may be followed by a selective rally altcoin, since the capital will move to underestimated assets.
It is important for investors to always study the situation themselves, combining optimism with caution. Macroeconomic changes and unexpected catalysts can disturb even the most stable seasonal trends.
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Source: Cryptocurrency
I am an experienced journalist and writer with a career in the news industry. My focus is on covering Top News stories for World Stock Market, where I provide comprehensive analysis and commentary on markets around the world. I have expertise in writing both long-form articles and shorter pieces that deliver timely, relevant updates to readers.
