According to PANews on July 1st, based on Matrixport's analysis, Bitcoin has recorded an increase 7 times in July over the past 10 years, with an average increase of 9.1%. Even in years of decline, the drop was only in single digits, while in years of increase, there were two instances of strong double-digit rebounds.
As July arrives, market bullish sentiment is gradually warming up, and historical trends may repeat. Analysts believe that Bitcoin may challenge the $116,000 mark in the coming weeks.