🟢June was a turbulent month for Bitcoin’s price, with significant volatility. Price action trended downward, with bears managing to push the price down by 7.12%.
🟢Over the past 30 days, Bitcoin has experienced a rollercoaster ride, surging to $72,000 and dropping to a low of just over $58,000. Ultimately, sellers prevailed, reducing the price by approximately 7%.
🟢However, the outlook for July could be more optimistic. According to popular analyst Ali Charts on X, July has traditionally been a strong month for Bitcoin. Historically, when Bitcoin had a negative June, it typically rebounded strongly in July, with an average return of 7.98% to 9.6%.
🟢Bitcoin’s price has risen by 4% in the past day and is currently trading at $63,200, which has reduced its weekly loss to about 1.6%. This recovery also resulted in the liquidation of many short positions, with total liquidations over the last 24 hours reaching $106 million.