Bitcoin ETF

Bitcoin

Strong

Read

Shiba Inu

<ul>
 <li>Bitcoin’s price fell by nearly 10% in June but may rise by 9.6% in July based on historical trends.</li>
 <li>Improved liquidity and positive seasonality could boost Bitcoin and Ether markets.</li>
 <li>Analysts note Mt. Gox repayments are priced in, supporting a potential market rebound.</li>
</ul>
<p>The price of Bitcoin saw a substantial decline in June, falling by nearly 10%. However, market analysts believe that the month of July will bring a more positive trend. According to <a href="https://onboarding.qcpcapital.com/" target="_blank" rel="noopener noreferrer nofollow">QCP Capital</a>, there are numerous indicators pointing to a bullish outlook for Bitcoin over the next 30 days.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Will July be bullish for Bitcoin and Ethereum?<br><br>Analysts suggest July could be a strong month for BTC and ETH due to historical positive seasonality. QCP Capital noted Bitcoin’s median return of 9.6% in July, especially after a negative June (-9.85%), with Bitcoin options… <a href="https://t.co/3xK42DtAT8" rel="noopener noreferrer nofollow">pic.twitter.com/3xK42DtAT8</a></p>— The Wolf Of All Streets (@scottmelker) <a href="https://twitter.com/scottmelker/status/1807731111839027668?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 1, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>Historically, <a href="https://bitcoin.org/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin</a> has demonstrated a median return of approximately 9.6% in the month of July. This pattern has the ability to compensate for the losses experienced in June if it continues.&nbsp; Analysts add to this optimism by noting that the market may benefit from improved liquidity and positive seasonality in July.</p>
<p>The <a href="https://cryptonewsland.com/mt-gox-set-to-commence-bitcoin-and-bitcoin-cash-repayments-in-july-2024/" target="_blank" rel="noopener noreferrer nofollow">upcoming repayments from Mt. Gox</a>, which are expected to start in July, have already been incorporated in the current market prices. Analysts note that the market setup appears supportive, with a significant amount of excess length cleared following the Mt. Gox announcement.&nbsp;</p>
<p>In addition, liquidity is expected to improve, as daily average trading volumes for Bitcoin and Ether (spot and futures) on global exchanges fell from $90 billion in May to $75 billion in June.</p>
<p>While historical data cannot guarantee future performance, expert opinions point to a possible shift in sentiment toward Bitcoin and Ether in July. If Bitcoin ETF flows recover and are followed by the <a href="https://cryptonewsland.com/spot-ethereum-etfs-likely-to-launch-by-july-2-analyst/" target="_blank" rel="noopener noreferrer nofollow">launch of spot Ethereum ETFs</a> in the United States, the coming weeks could be promising for both cryptocurrencies.&nbsp;</p>
<p>With the backing of past trends, increased liquidity, and significant upcoming events, the market is ready for a possible recovery. Investors and traders will keep a close eye on these developments as July progresses, hoping for strong performance from the leading cryptocurrencies.</p>
<h4 class="wp-block-heading" id="h-read-also">Read Also</h4>
<ul class="wp-block-yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/shiba-inu-shows-streak-for-a-positive-july-will-2024-follow-the-trend/" rel="noopener noreferrer nofollow">Shiba Inu Shows Streak for a Positive July: Will 2024 Follow the Trend?</a></li>
 <li><a href="https://cryptonewsland.com/arbitrum-has-an-exceptional-month-of-july-here-are-the-facts/" rel="noopener noreferrer nofollow">Arbitrum Has an Exceptional Month of July, Here Are The Facts</a></li>
 <li><a href="https://cryptonewsland.com/fomo-pay-to-utilize-ripples-on-demand-liquidity/" rel="noopener noreferrer nofollow">FOMO Pay to Utilize Ripple’s On-Demand Liquidity</a></li>
 <li><a href="https://cryptonewsland.com/cardano-shows-bullish-signs-as-mvrv-ratio-improves/" rel="noopener noreferrer nofollow">Cardano Shows Bullish Signs as MVRV Ratio Improves</a></li>
 <li><a href="https://cryptonewsland.com/the-cardano-hard-fork-inches-even-closer/" rel="noopener noreferrer nofollow">The Cardano Hard Fork Inches Even Closer</a></li>
</ul>
<p>The post <a href="https://cryptonewsland.com/bitcoin-and-ether-set-for-a-strong-july-as-historical-trends-and-improved-liquidity-signal-market-rebound/" rel="noopener noreferrer nofollow">Bitcoin and Ether Set for a Strong July as Historical Trends and Improved Liquidity Signal Market Rebound</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Bitcoin and Ether Set for a Strong July as Historical Trends and Improved Liquidity Signal Market Rebound

Crypto News Land

Andre artikler publisert på 2. juli 2024

Vitalik Buterin Ethereum Proposal Aims for Faster Trades with Single-Slot Finality

Bitcoin To Skyrocket By 200% Surge? Key Indicators Signal Massive Breakout

What Will Be My Portfolio if Polkadot (DOT) Price Hits $70?

The Next Altcoin Season Will Be Dominated by Meme Coins

Introducing Pandiana: Is This Solana’s Next WIF Memecoin?

Dogecoin’s Potential: Can DOGE Price Kick Off a New Climb?

Bli med på vårt gratis nyhetsbrev for daglige kryptooppdateringer!