Matrixport: Bitcoin Shows Strong July Performance Over the Years, Predicted to Reach $116,000

According to a report by Jinse Finance, independent analyst Markus Thielen's latest research shows that Bitcoin has historically performed well in July, recording gains in seven out of the past ten years with an average increase of 9.1%. Even in years when it declined, the drop was only in the single digits, while in five of the rising years, there were several strong double-digit rebounds. Data indicates that July 2017 and 2019 were particularly outstanding, with gains of 21.5% and 23.9% respectively. July 2021 and 2022 also saw increases of around 18%, while preliminary data for 2024 shows a 3.1% rise. As July 2025 approaches, bullish sentiment in the market is gradually heating up. Analysts believe that if historical trends repeat, the Bitcoin market may usher in a new round of gains and could challenge the $116,000 mark in the coming weeks.