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Cryptocurrency News Articles

Bitcoin's Bullish July: Market Absorption Powers the Potential Surge

Jul 02, 2025 at 04:05 am

Bitcoin's price stability amid profit-taking signals market strength. Historically, July is strong for Bitcoin, mirroring the S&P 500's positive trend.

Bitcoin's Bullish July: Market Absorption Powers the Potential Surge

Bitcoin's holding steady, even with some profit-taking going on? That's the buzz. July's historically a good month for Bitcoin, mirroring trends in the S&P 500.

Decoding the $100,000-$110,000 Bitcoin Range

Bitcoin's been hanging around the $100,000 to $110,000 mark, and that's got people talking. Turns out, mid- to long-term holders are cashing in some profits. We're talking about coins that have been sitting pretty for years being moved. Is this a bad thing? Not necessarily.

Market Absorption: A Bullish Sign?

Despite these older coins moving, some analysts are seeing this as a good sign. The market's actually absorbing the selling pressure. Think of it like this: there's enough demand to keep the price stable, even with folks taking some money off the table. CryptoQuant analyst Yonsei Dent even suggests this could be net positive, a sign of strength in the bull cycle.

Historical Trends: July's Bitcoin Boom

Here's where it gets interesting. Historically, July's been a pretty sweet month for Bitcoin. Cointelegraph reports that Bitcoin might just follow the S&P 500's trend of positive performance in July. Since 2013, Bitcoin's averaged a 7.56% return in July. So, could we see new all-time highs above $112,000 this month? Maybe!

The Road Ahead: Potential for Volatility and Growth

If Bitcoin does hit those new highs, buckle up. CryptoCon points to a potential “Cycle 4 Ranges Expansion,” suggesting we could see some significant volatility. But hey, a little excitement never hurt anyone, right? If history repeats itself, we could see a surge towards the $140,000–$150,000 range before things cool down again.

Final Thoughts: Buckle Up, Buttercup!

So, what's the takeaway? Bitcoin's showing resilience, July's historically bullish, and the market seems to be handling profit-taking like a champ. Whether you're a seasoned crypto veteran or just dipping your toes in, it's definitely an interesting time to be watching Bitcoin. Keep an eye on those charts, folks, because things could get wild!

Original source:cointelegraph

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