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Analysis: what to expect for Bitcoin next week and during July?.
$BTC ✨💥✨💥✨💥✨✨
#StrategyBTCPurchase Before the end of June, the price of Bitcoin has resumed its upward trend by reaching the level of $108,000 again today, marking a weekly high.
At the time of writing this article, BTC is trading at $107,958, with daily gains of 0.6%, weekly gains of 8.6%, and monthly gains of 2.3%.
This surge generates optimism among analysts, as it represents a solid recovery from the lows of $98,523 recorded last week.
#NODEBinanceTGE What drives the price of Bitcoin and what to expect for next week?
The price of Bitcoin continues its rebound after falling below $100,000 on June 22. Fears of an armed escalation between Iran and Israel seem to have dissipated, bringing some calm to the markets.
In this context, a possible key agreement is expected next week between powers such as the United States, the European Union, and China, which could push Bitcoin to new highs and also benefit the performance of altcoins.
The previous week was marked by a clear prominence of institutional investment, reflected in a significant increase in inflows into Bitcoin ETFs (more details in the important data section).
Overall, the macroeconomic outlook appears optimistic for the month of July and for the cryptocurrency ecosystem in general.