Will Bitcoin price recover in July?
Summary
Bitcoin is down about 18.5% in June and is struggling to hold the $60,000 level. Some traders expect July to rebound, with a possible move toward $75,000 if Bitcoin rallies into large short-liquidation clusters above current price, especially near $67,600. That area could trigger a short squeeze as short sellers are forced to buy back positions. Seasonality also supports a July bounce: Bitcoin has averaged a 7.6% gain in July, and midterm-year July returns average about 10.3%, with some past bear-market Julys posting strong gains. A bearish view remains in play because Bitcoin has fallen below its 200-week moving average near $62,445. If that level is not quickly reclaimed, downside could continue toward $55,000 in July.
