Cointime news, on July 14, according to independent analyst Markus Thielen's latest report, Bitcoin has historically performed strongly in July, with 7 out of the last 10 years seeing gains in July, averaging a 9.1% increase. Analysts predicted as early as the beginning of July that Bitcoin is likely to rise to $117,244, driven by seasonal factors. Currently, the rise in Bitcoin is driven by multiple macro factors, including a strong performance in the U.S. stock market boosting market confidence, Trump's pressure on the Federal Reserve, and the approval of the 'Big Beautiful Bill' which raises the fiscal deficit limit, all of which have intensified market expectations for liquidity release. Historical data shows that the average return on Bitcoin in July is mostly positive, with the highest reaching 23.9% in 2020.