Analysis: Bitcoin's average increase in July was 9.1%, and it may challenge the $116,000 mark in the coming weeks

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According to PANews on July 1st, based on Matrixport's analysis, Bitcoin has recorded an increase 7 times in July over the past 10 years, with an average increase of 9.1%. Even in years of decline, the drop was only in single digits, while in years of increase, there were two instances of strong double-digit rebounds.

As July arrives, market bullish sentiment is gradually warming up, and historical trends may repeat. Analysts believe that Bitcoin may challenge the $116,000 mark in the coming weeks.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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