July could be a successful month for bitcoin

The Matrixport report says that investors are preparing for a new bullish phase. It is expected in July and will result in a more impressive rise in bitcoin compared to June 2023.

Over the past ten years, on average, by the end of July, BTC has strengthened by more than 11%. 7 out of 10 months since 2013 ended with a strong cryptocurrency rebound.

Over the past three years, July has finished with a strengthening of the BTC rate by 27%, 20% and 24%, respectively, analysts emphasized.

The head of the research division of the company, Markus Thilen, emphasized that usually the summer months are the period of Bitcoin consolidation. In August, the largest cryptocurrency mostly stagnated in previous years, and in September its value fell against the backdrop of active sellers.

Matrixport predicts that BTC will rise to $35,000 next month, but then fall back to $30,000.

In this area, the cryptocurrency is consolidating, and after that we are waiting for it to rise to $40,000.

At the end of 2023, bitcoin should trade at $45,000, the company noted.