CryptoQuant data is quite interesting: in the bear markets of 2018 and 2022, July saw increases of around 20%. This year, having just rebounded from 57,700, seasonal factors are on the bulls' side.

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CoinNetwork
CoinWorld news, CryptoQuant indicates that Bitcoin typically rises in July, even during bear markets. In 2018 and 2022, Bitcoin rose by 20% and 17% respectively in July, despite weak overall market trends. As Bitcoin has just rebounded from its bear market low of $57,700 this July, seasonal factors now tilt short-term risks toward further upside.
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