{"id":2402,"date":"2024-07-01T20:02:38","date_gmt":"2024-07-01T20:02:38","guid":{"rendered":"https:\/\/cryptogoldex.com\/index.php\/2024\/07\/01\/bitcoin-set-for-positive-july-based-on-historical-trends\/"},"modified":"2024-07-01T20:02:38","modified_gmt":"2024-07-01T20:02:38","slug":"bitcoin-set-for-positive-july-based-on-historical-trends","status":"publish","type":"post","link":"https:\/\/cryptogoldex.com\/index.php\/2024\/07\/01\/bitcoin-set-for-positive-july-based-on-historical-trends\/","title":{"rendered":"Bitcoin set for positive July based on historical trends"},"content":{"rendered":"<p>The recent market movement indicates a positive outlook for the asset following a 10% loss in its value last month. CoinGlass data reveals that BTC has surpassed a $43 million liquidity barrier, potentially setting the stage for a positive month ahead. Historical trends show that despite shedding value on six occasions in June between 2013 and 2024, BTC experienced substantial growth of at least 9.6% in July during these years.<\/p>\n<p>Mining entities had previously liquidated BTC to cover operational costs after the halving, but this trend has slowed down as the new month begins. Accumulation of over 891,800 BTC, worth $55.7 billion, in around two million addresses suggests a strong support level, although the possibility of crypto falling below this level cannot be discounted. There are also significant resistance barriers at $64,700 and $64,550, potentially hindering Bitcoin&#8217;s upward momentum towards the $70,000 range.<\/p>\n<p>Geopolitical events, such as global inflation and tensions in Eastern Europe and the Middle East, could have a substantial impact on BTC markets. Positive developments in these areas may either bolster the bullish momentum or potentially stall the asset&#8217;s progress.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The recent market movement indicates a positive outlook for the asset following a 10% loss in its value last month. CoinGlass data reveals that BTC [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2401,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[131],"tags":[],"class_list":["post-2402","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency-market-analysis"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/posts\/2402","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/comments?post=2402"}],"version-history":[{"count":0,"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/posts\/2402\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/media\/2401"}],"wp:attachment":[{"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/media?parent=2402"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/categories?post=2402"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/tags?post=2402"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}