Bitcoin

April

<p>Between price fluctuations and investor movements, it is difficult to predict with certainty the next big wave of Bitcoin. However, historical trends and recent massive inflows into Bitcoin ETFs suggest a potentially bullish July. What does this summer month have in store for the world’s largest cryptocurrency? Let’s dive into the details to try to unravel this mystery.</p>
<h2 id="h-seasonal-cycles-and-their-influences-on-bitcoin">Seasonal cycles and their influences on Bitcoin</h2>
<p>Seasonal cycles play a crucial role in the evolution of Bitcoin prices. Events like profit-taking approaching the tax season in April and May, as well as increased demand in December, can cause predictable variations in the cryptocurrency market.</p>
<div class="my-4">
 <div class="ads " data-page-type="" data-location="1">
 </div>
</div>
<p>Historically, the month of July has often been marked by a rise in Bitcoin prices, with a median return of 9.6% according to some trading companies.</p>
<div class="affiliate-button"><a class="affiliate-button__link" href="https://bitvavo.com/fr/affiliate/coinmedia?a=_cta" target="_blank" rel="noopener noreferrer nofollow">€20 bonus for registering on Bitvavo</a> <a class="affiliate-button__disclaimer" href="https://www.cointribune.com/en/sponsored-content/" target="_blank" rel="noopener noreferrer nofollow">This link uses an affiliate program.</a>
</div>
<p>Since April, Bitcoin has been oscillating between 59,000 and 74,000 dollars, a wide but significant range. This volatility is partly due to massive sales and fund outflows from ETFs.</p>
<p>However, the data shows that July is often favorable for Bitcoin, with average gains of more than 11% over the past decade. This seasonal trend could well be confirmed again this year, offering investors encouraging prospects.</p>
<h2 id="the-impact-of-massive-etf-inflows">The impact of massive ETF inflows</h2>
<p><a href="https://sosovalue.xyz/assets/etf/us-btc-spot" target="_blank" rel="noopener noreferrer nofollow">Massive inflows into Bitcoin ETFs</a> are a key indicator of investor optimism. The first day of July saw inflows close to 130 million dollars into US-listed ETFs, their highest level since early June.</p>
<p>This influx of capital comes after a June marked by outflows of more than 900 million dollars. This turnaround is seen as a strong sign of confidence in Bitcoin’s bullish potential for the weeks to come.</p>
<p>Sydney-based QCP Capital noted that Bitcoin tends to rebound strongly in July, especially after a negative June. With a median return of 9.6% in July and a tendency to show positive returns 7 months out of 10 over the past decade, investors are positioning themselves to take advantage of this potential rise.</p>
<p>Moreover, the potential launch of a spot ETH ETF could also stimulate interest and strengthen the bullish prospects of the cryptocurrency market.</p>
<h2 id="forecasts-and-strategies-of-traders-for-july">Forecasts and strategies of traders for July</h2>
<p>In light of these encouraging signals, many traders are preparing for a bullish July. Data from Crypto Matrixport shows that July returns have been impressive in recent years, with gains of 27% in 2019, 20% in 2020, and 24% in 2021. This seasonality, although sometimes random, is explained by recurring trends in investor behavior.</p>
<div class="my-4">
 <div class="ads " data-page-type="" data-location="2">
 </div>
</div>
<p>Traders’ strategies often include taking long positions on Bitcoin in anticipation of these seasonal rises. The recent rise in ETF inflows indicates that institutional investors share this optimism and are preparing to take advantage of potential price increases. However, it is crucial to remain vigilant and closely monitor market indicators, as fluctuations can be rapid and unpredictable.</p>
<p>July looks promising for Bitcoin, with positive signals coming from seasonal cycles and massive ETF inflows. Traders and investors hope for a significant rebound, supported by growing optimism and historical trends. Nonetheless, the crypto market remains inherently volatile and unpredictable. The coming weeks will tell if these forecasts come to fruition or if new surprises await us despite <a href="https://www.cointribune.com/en/crypto-massive-btc-liquidation-by-germany-and-the-usa/" target="_blank" rel="noopener noreferrer nofollow">the liquidation by the USA.</a></p>

Bitcoin: July Rebound with Massive Inflows into ETFs?

Table of Contents

Cointribune EN

Další články publikované 2. 7. 2024

Ethereum Suffers 3rd Straight Weekly Outflows, Becomes 2024’s Worst Performer

Crypto Bull Run: Michael van de Poppe Reveals When the Altcoin Rally Will Start

Ripple Moves 1 Billion XRP from Escrow: A Sign of XRP Lawsuit Settlement?

ETH Price Prediction: Will Ethereum’s God Candle Hit $5,000 With ETF Listing?

Chainlink CCIP Integration Enables DRIFT Labs to Expand Token Accessibility

Cartesi and Avail Announce Strategic Integration to Advance Web3 Development

Join our free newsletter for daily crypto updates!