Bitcoin bulls are preparing for July!

According to the report, investors who have a positive outlook on Bitcoin (BTC), aka 'bulls', are preparing for what is often referred to as 'seasonal volatility'. This phenomenon emerges in July, when Bitcoin typically experiences a significant rally.
According to the report, it has been observed that Bitcoin has experienced an average increase of over 11 percent during the month of July over the last decade. It was also noted that seven of the ten months analyzed showed positive returns.
In the note shared by the company on the subject, “July has historically been a month of strong rallies for Bitcoin, with an average of 11 percent gains and a 70 percent success rate over the last ten years.” it was said. In the last three years, it was recorded that the returns in July were approximately 27 percent, 20 percent and 24 percent, respectively.
Bitcoin's year-end target is 45 thousand dollars
The report noted that while the summer season is generally a consolidation period for Bitcoin, historical July is usually followed by a relatively dull August, followed by a drop in market activity in September, which led to sales.
Bitcoin value is expected to experience an increase towards the $35,000 price level, followed by a decline and pullback to around $30,000. Later, a further upward movement towards the 40k threshold is predicted. The year-end target is 45 thousand dollars.
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