$BTC Bitcoin is gaining due to a combination of optimistic technical indicators, strong inflows of institutional funds through ETF funds, and positive market sentiment ahead of the expected interest rate cut by the Federal Reserve. Analysts emphasize that July is historically a good month for Bitcoin, with average gains exceeding 9%, and the current technical indicators — such as a breakout from a consolidation pattern — support the upward trend. Increased interest from institutions and expectations of further accumulation also contribute to the rise. Additionally, the market is positively reacting to the easing of geopolitical tensions and the prospect of more favorable monetary policy, which further fuels investor optimism.

Recent data indicates increased accumulation by private companies in recent months.