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Bitcoin Gains Nearly 10% in July - But Traders See a 2022 Repeat
Bitcoin is up around 9.5% this month, marking its strongest July performance in four years. But traders are staying cautious because 🟠 $BTC showed a similar recovery in July 2022 before falling 14% in August and dropping again in September.
The concern is that Q3 has historically been Bitcoin’s weakest quarter, with average gains of only 6%. Lower summer liquidity and trading volume can make rallies harder to sustain, so this month’s strength may look promising without confirming that the bear trend is over.
#BTC #Bitcoin$bitcoin