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<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>
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   <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>
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<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>
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 <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

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