Learning from History: Bitcoin’s Strong July Rebounds
Bitcoin prices saw a significant decline of 6.96% last month. According to Coinglass, which has tracked Bitcoin’s monthly returns since 2013, Bitcoin’s historical average decline for June is 0.35%.
Data indicates that whenever Bitcoin experiences a drop in June, it tends to rebound strongly in July, with an average historical increase of 7.42% for the month.
Over the past 11 Julys, Bitcoin has posted gains of at least 8% in 7 of those months.
Memecoin analyst Murad also highlighted on X that historically, Bitcoin has rebounded quickly from July onwards. He noted that over the past six consecutive years, Bitcoin has seen a minimum increase of 28% in the first few weeks of July.
