Matrixport: Bitcoin has performed well in July, and this year may usher in a new round of growth following the historical trend
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Planet News: Matrixport released today's chart, stating that Bitcoin usually maintains a stable trend during summer, but July often breaks the norm. Over the past decade, it has risen seven times with an average increase of 9.1%; even in declining years, the drop was only single-digit. In the five years of rising, there were even strong double-digit rebounds. As July approaches, market bullish sentiment is gradually warming up. With historical trends repeating, the market may be expected to usher in a new round of increases and potentially challenge the $116,000 mark in the coming weeks.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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