Matrixport: BTC has performed strongly in July over the years, with a potential forecast to reach 116,000 USD.

According to ChainCatcher news and the latest research by independent analyst Markus Thielen, BTC has historically performed well in July, achieving a rise in seven out of the past ten years, with an average increase of 9.1%. Even in years with a fall, the decline was only in single digits, while in the five years of rise, there were multiple instances of strong rebounds in double digits. Data shows that the performance in July 2017 and 2019 was particularly outstanding, with rises of 21.5% and 23.9% respectively. In 2021 and 2022, there were also rises of around 18%, while preliminary data for 2024 shows a rise of 3.1%. As July 2025 approaches, bullish sentiment in the market is gradually warming up. Analysts believe that if historical trends repeat, the Bitcoin market may usher in a new round of pump, potentially challenging the 116,000 dollar level in the coming weeks.