Bitcoin's Average July Return Means 'Something Big is Brewing,' Traders Think
Portfolio Pulse from Khyathi Dalal
Bitcoin's historical performance in July has led traders to predict a bullish reversal from the previous month's decline. Analysts expect Bitcoin to reach $61,000-$64,000, citing technical patterns and historical returns. The influence of Bitcoin as an institutional asset will be discussed at Benzinga’s Future of Digital Assets event.
July 02, 2024 | 1:42 pm
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Traders and analysts predict a bullish July for Bitcoin, expecting it to reach $61,000-$64,000 based on historical performance and technical patterns.
Bitcoin has a strong historical performance in July, and multiple analysts are predicting a bullish trend based on technical patterns and past returns. This positive sentiment is likely to drive short-term price increases.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100