Bitcoin Bulls Anticipate Seasonal Surge: Matrixport

Bitcoin

According to the report, the largest cryptocurrency by market cap has historically shown a tendency to experience a rally during the month of July.

Cryptos Headlines Token Airdrop Is Live, Claim $50 Worth Of 5000 CHT Token Free On CryptosHeadlinesToken.com

In a report released on Wednesday, crypto-services provider Matrixport highlighted that optimistic investors in Bitcoin (BTC) are getting ready for the anticipated “seasonal surge.” They emphasized that the world’s largest cryptocurrency typically experiences a rally during the month of July.



According to the report, Bitcoin has achieved an average gain of over 11% in the month of July over the past decade. Out of the ten months observed, seven of them exhibited positive returns for the cryptocurrency.

The report states that in the past three years, Bitcoin has delivered returns of approximately 27%, 20%, and 24% during the month of July.

According to the report, over the last three years, Bitcoin has provided returns of around 27%, 20%, and 24% respectively during the month of July.

Matrixport predicts that Bitcoin will experience a rally towards $35,000, followed by a decline and retracement to $30,000. Subsequently, they anticipate another upward movement, with Bitcoin potentially reaching the $40,000 level.

Cryptos Headlines Token Airdrop Is Live, Claim $50 Worth Of 5000 CHT Token Free On CryptosHeadlinesToken.com



Matrixport has set a year-end target of $45,000 for Bitcoin, indicating their expectation of Bitcoin reaching that price level by the end of the year.

Important: This article is intended solely for informational purposes. It should not be considered or relied upon as legal, tax, investment, financial, or any other form of advice.

Follow Cryptos Headlines on Google News

Join Cryptos Headlines Community

Author

  • SHBAZ

    A crypto enthusiast, Loves to write, Loves to explore and stay up-to-date about the latest developments in the crypto world. #Btc #Crypto #NFT

Leave a Reply

Your email address will not be published. Required fields are marked *