Historical Data Defying Even Bitcoin Bear Markets: The Month With 20% Gains Has Arrived

Bitcoin (BTC) is igniting a new glimmer of hope for investors with its strong upward performance in July, even during the bear markets of previous years.

While the cryptocurrency market has recently remained under pressure, July represents a historically positive period for the leading cryptocurrency, Bitcoin (BTC). When examining historical data and market cycles, it is evident that Bitcoin tends to move upward during this month, regardless of general market conditions.

July Signals a Historical Bullish Trend for Bitcoin

According to data shared by CryptoQuant, Bitcoin’s monthly return rates present a remarkable picture in July. Notably, even during the bear market periods of 2018 and 2022, when the market was quite pessimistic, Bitcoin managed to gain 20% and 17% in value, respectively, during July. This data indicates that despite the general downward trend in the market, July possesses a unique seasonality effect and whets investor appetite.

Looking at current price movements, it appears that Bitcoin has made a fresh start to July from a local bottom at the $57,700 level. These July rallies, clearly visible in charts from previous years, suggest that short-term risks have shifted in favor of an upward price increase when combined with current low levels. Experts emphasize that Bitcoin has a high potential to recover its losses by following this historical cycle.