Bitcoin's average increase in July is 9.1%, and it may challenge the $116,000 mark in the coming weeks.
According to analysis, Bitcoin has recorded increases in July during 7 out of the last 10 years, with an average increase of 9.1%. Even in down years, the declines were only single digits, while in up years, there were two instances of robust double-digit rebounds.
As July arrives, market bullish sentiment is gradually warming up, and historical trends may play out once again. Bitcoin may challenge the $116,000 mark in the coming weeks.
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