- Bitcoin has traditionally seen a rise in price for the month of July
- The token has notched 17 consecutive months of July in profit
- Will we see another solid performance next month?
Bitcoin to Enter a Historically Strong Month
Bitcoin has traditionally performed superbly well in July – a trend that’s been supported over the past 17 years. In other words, the leading crypto asset has notched 15 straight months of July in green – a feat not many mega-cap assets hold under their belt.
So what’s the actual monthly performance of Bitcoin throughout July? Dating back to 15 years ago, Bitcoin has embarked on a price adventure with gains between 1% and 13% for July throughout the years.
Another Strong Performance Ahead?
What’s notable about this achievement is that, despite its high volatility day in and day out, Bitcoin has managed to flip into the green for this month, specifically, out of every other month in the year. For comparison, the other months are marked with nuanced performance swinging between gains and losses of double-digit percentages.
Are we going to see another strong July in the month ahead? For June, Bitcoin is on track to clock out, losing about 7%. And with no major events on deck to stir up dealmaking, we’re likely to see more sideways trading while crypto market enthusiasts are waiting for fresh news to share up the crypto landscape. Over the passing month, Bitcoin slipped from a monthly high of $69,000 to its current market price of around $62,500 per token.
