Bitcoin ‘tends to bounce back’ in July after negative June: Analyst

Bitcoin ‘tends to bounce back’ in July after negative June: Analyst

Crypto market analyst Ali Martinez expects a price rebound for the Bitcoin (BTC) price in July after a month of bearish momentum.

According to Martinez’s X post on Sunday, the Bitcoin price recorded an average price rebound of 7.98% in July after a “negative June.” Data shows that the BTC price plunged by 9.25% over the past 30 days.

Bitcoin recorded a 30-day-high of $71,907 and a low of $58,554 in the mentioned timeframe.

Moreover, data provided by Martinez shows that Bitcoin’s largest average price return of 46.81% happened in November.

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