Bitcoin started July and the second half of the year positively by making weekly, monthly, quarterly and six-month closings yesterday.
BTC, whose monthly decline exceeded 10 percent in June, started July with an increase and reached above the $ 63,800 level.
At this point, as eyes turn to July, does Bitcoin like July? How did it perform in previous July months? Let's look at the answers to your questions.
In the table below, you can see the comparative performance of Bitcoin in July.
As can be seen in the table, while Bitcoin has an upward trend in July, BTC has closed the month of July in red, that is, with a decline, in only 4 years since 2013. Apart from these 4 years, it is seen that 7 years have been closed with an increase.
Historical Data Points to an Rise in Bitcoin!
Historical data in Bitcoin offers a different picture for June and July. Drawing attention to this situation, successful analyst Ali Martinez said that Bitcoin tended to rise strongly in July after having a negative month in June.
According to the analyst, Bitcoin has lost value in a total of six June months since 2013. It experienced an increase in every July following every June month when it experienced a decrease.
In the table he shared, the analyst points out that Bitcoin decreased in June in 2022, 2021, 2020, 2018, and 2013, but experienced a big rise in July, and if history repeats itself, he expects BTC to experience a big rise this July.
“Historically, when Bitcoin has performed negatively in June, it has tended to rebound strongly in July.”
When the table is examined, Bitcoin increased by 9.6% in July after experiencing a 29.89% decrease in June in 2013;
14.62% decrease in June 2018; 20.96% increase in July;
3.18% decrease in June in 2020; 24.03% increase in July;
5.95% decrease in June in 2021; 18.19% increase in July;
37.28% decrease in June in 2022; It is seen that there was a 16.8% increase in July.
Historically, when #Bitcoin has had a negative June, it tends to bounce back strongly in July. In fact, $BTC has shown an average return of 7.98% and a median return of 9.60% during this month. pic.twitter.com/fJaIwc7Eob
— Ali (@ali_charts) June 30, 2024
*This is not investment advice.
