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What if Bitcoin is quietly following a pattern that many people haven't noticed yet?
Can #Bitcoin repeat another strong July recovery?
History shows that $BTC has often bounced after forming a July low, but every market cycle has its own story.
In one cycle, Bitcoin recovered around 42% from its July bottom.
In another, it climbed nearly 30% after finding support during the same month.
This time, Bitcoin has already gained around 15% from its recent July low, suggesting buyers are gradually stepping back into the market.
Here are the key levels worth watching:
Support: $59.0K
Resistance: $65.0K to $68.0K
A strong breakout above the resistance zone could set the stage for a bigger rally. Holding the above support will also be important to keep the bullish structure in place.
For now, traders are staying careful as global economic and geopolitical events continue to influence market sentiment. The coming weeks could play a big role in shaping Bitcoin's next major move.
#GUSDYieldRisesto3.8% #USRevokesIranOilWaiver