Bitcoin’s July Outlook Depends on These Key Factors
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With only days left in June, bitcoin is down about 18% month-to-date, making it unlikely to finish the month in the green. On-chain data points to weakened demand, exchange inflows and diminished network activity as drivers of the nosedive, and analysts say improved on-chain indicators, stablecoin liquidity and renewed adoption are needed for a stronger July.
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With just a few days left in June, it’s safe to say that bitcoin would require nothing short of a miracle to end the month in the green, as current data show a substantial 18% decline.
On-chain data depicts a few key factors behind BTC’s latest nosedive and what has to change for a stronger July.
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Coins
$ 64.14K
+0.43%
$ 0.00181
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In This News
Coins
$ 64.14K
+0.43%$ 0.00181
+8.60%Predictions Markets
See what traders are focused on
Share:
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