The Blessing of July: Bitcoins Astonishing Surge to $36K, Is it Possible?

By Lola Coin Jun 26, 202358Views

The price of Bitcoin is currently below expectations, but there is hope for a bull run in July. Historically, July has been a bullish month for Bitcoin, with years like 2020, 2021, and 2022 seeing double-digit growth. In fact, over the last decade, July has seen the price of BTC recover significantly in seven out of ten years. Markus Thielen, Head of Research at Matrixport, predicts that Bitcoin could reach $36,000 in July, based on its average 20% increase over the past three years during this month. Looking ahead to the end of 2023, Thielen sees a possible move up to $45,000 for the digital asset. US investors are leading the current BTC rally, with most of the price increase occurring during US trading hours. This is fueled by positive sentiment around BlackRock and the filing of Bitcoin ETFs by multiple asset managers in the US.

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