Bitcoin

Bold

<ul> 
 <li>Matrixport, a cryptocurrency company founded by Chinese billionaire Jihan Wu, predicts that Bitcoin could reach $35,000 in July.</li> 
 <li>Historical data shows that Bitcoin has experienced significant gains in the month of July in the past.</li> 
 <li>Matrixport analysts also suggest that Bitcoin could close the year around $45,000.</li> 
</ul> 
Matrixport, the cryptocurrency company founded by Jihan Wu, has released a detailed report on the future performance of the cryptocurrency market, with a focus on Bitcoin. According to the report, Bitcoin could potentially reach $35,000 in July, based on similar upward trends observed in previous years. 
<h2 id="bitcoin-s-price-predictions-for-july-and-end-of-year">Bitcoin’s Price Predictions for July and End of Year</h2> 
The report highlights that Bitcoin has gained an average of over 11% in value in the month of July over the past 10 years. It also points out that in the last three July months, Bitcoin experienced increases of 27%, 20%, and 24% respectively. Matrixport suggests that based on these data, Bitcoin bulls are preparing for a “seasonal rise” and the price could test $35,000 without dropping below $30,000. 
Furthermore, the report reveals that Bitcoin has shown positive performance in July for 7 out of the past 10 years, attracting the attention of investors. 
In addition to the predictions for the summer months, the report also includes a price forecast for the end of the year. Matrixport analysts state that after reaching $35,000, Bitcoin could potentially close the year around $45,000. 
Markus Thielen, the Research Director at Matrixport, warns investors about a possible consolidation period and subsequent sell-off after the July surge: 
<blockquote>
 While the summer months tend to be a consolidation period for Bitcoin, a strong July is often followed by a mediocre August-September and a subsequent sell-off.
</blockquote> 
The post <a rel="nofollow" href="https://en.coinotag.com/matrixports-bold-bitcoin-bulls-setting-price-targets-for-july-and-year-end/">Matrixport’s Bold Bitcoin Bulls: Setting Price Targets for July and Year-End!</a> appeared first on <a rel="nofollow" href="https://en.coinotag.com">COINOTAG EN</a>.

Matrixport’s Bold Bitcoin Bulls: Setting Price Targets for July and Year-End!

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