Countdown To The Seasonal Surge: Bitcoin Bulls Prepare For Impact
Get Ready for an Epic July: Bitcoin Bulls Anticipate the Seasonal Rally!
Excitement is building as bullish Bitcoin (BTC) investors gear up for the highly anticipated “seasonal surge.” According to a report released by renowned crypto-services provider Matrixport, the world’s largest cryptocurrency, with its impressive market cap, has a historical tendency to rally during the month of July. Brace yourself for an electrifying ride as Bitcoin enthusiasts eagerly await this upcoming surge, poised to propel the digital asset to new heights. Stay ahead of the game and prepare to seize the opportunities that lie ahead in this exhilarating Bitcoin season!
According to the report, bitcoin has exhibited a remarkable trend in the month of July over the past decade, with an average growth rate surpassing 11%. Out of every 10 months, 7 have shown positive returns. Notably, July in the last three years has witnessed impressive returns of approximately 27%, 20%, and 24%, respectively, as mentioned in the note. While bitcoin usually consolidates during the summer, a robust performance in July is often followed by a lackluster August and a subsequent September sell-off, as highlighted by Markus Thielen, head of research.
Anticipating future movements, Matrixport foresees Bitcoin rallying up to $35,000 before experiencing a sell-off and retracing back to $30,000. Following this correction, another upward movement is expected, with Bitcoin aiming for the $40,000 level. As for the year-end projection, Matrixport adds that Bitcoin is targeted to reach $45,000.
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