Bitcoin July Preview: History Says Don’t Trust The Quiet
Bitcoin historically experiences low volatility in June, with a mean return of -0.12% over the past twelve years. July, however, shows a stronger average return of +7.56%, with a median of +8.90%. August’s average return drops to +1.75%, while September typically sees a decline, averaging -3.77%. July has finished positively in eight of the last twelve years, contrasting with August and September, which have only four positive outcomes each. The narrative of significant price fluctuations in late summer is noted, with traders advised to consider these seasonal patterns for long-term strategies. Bitcoin is currently testing resistance levels near all-time highs, with a crucial weekly close needed for potential upward movement. The macroeconomic environment and ETF inflows will influence future trends, while the TOTAL3 index indicates altcoins are holding local support without clear trends. As of the latest update, Bitcoin is priced at $107,344.
