”July's Bitcoin: Historical timing for rebound”

Bitcoin (BTC), which performed poorly in June, is likely to see a strong rebound in July from a historical perspective, according to an analysis.
Cointelegraph reported on the 1st (local time) that Bitcoin rose 1.2% last month, citing CoinGlass monthly Bitcoin revenue tracking data.
The report noted that the price fell 6.96% year-on-year, but that historically, Bitcoin has fallen an average of 0.35% each June.
Data shows that over the past few years, June has ended on a downward trend.
After that, in July, it started to rebound sharply, and historically Bitcoin has risen by an average of 7.42%.
In a post to Lower, he said he expects a historic rebound in July. He noted that over the past six years, the first few weeks of July have seen a rise of at least 28% each year.
But some crypto analysts say Bitcoin could have another tough month ahead as the upcoming Mt. Gox liquidation puts pressure on prices.
Analysts predict that Mt. Gox will redeem $8.5 billion in Bitcoin to creditors starting the first week of this month.