Financial services platform Matrixport has released an analysis projecting a significant price surge for Bitcoin in July. According to their research, Bitcoin may reach heights above $117,000 this month, driven by robust seasonal performance trends observed historically.
The report cites a decade-long pattern showing Bitcoin averaging 9.1% monthly gains during July. Historical data further supports this outlook, with Bitcoin closing positively in seven of the last ten July trading periods.
This prediction underscores Bitcoin’s recurring seasonal strength and reinforces Matrixport’s expectation of substantial capital inflows into the cryptocurrency market during this period. Market watchers are examining these projections against evolving macroeconomic conditions.