Bitcoin’s Recovery Gains Momentum, Putting July Off to a Strong Start
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Bitcoin rebounded from a recent low of $57,700 to about $64,000, reclaiming a major support and pivot level. CryptoQuant's weekly report attributes the move to positive July seasonality and recovering demand and forecasts a significant pump in crypto markets before the month ends, indicating near-term bullish price and adoption momentum.
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As analysts have predicted for July based on historical data, BTC is off to a strong start. The leading digital currency has rebounded from its most recent low of $57,700 to $64,000, a major support and pivot level.
According to the latest CryptoQuant weekly report, bitcoin’s rebound can be attributed to July’s positive seasonality and recovering demand. These factors are likely to contribute to a significant pump before the month runs out.
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