Matrixport: Bitcoin Surges to All-Time High Driven by Multiple Catalysts, Macro Environment Extremely Bullish

BlockBeats News, July 14 — Matrixport released its daily analysis, stating that on July 1 it had predicted Bitcoin could rise to $117,244, supported by strong seasonal trends in July. Although many had expected a relatively calm summer, data now suggests that Bitcoin is likely to break its all-time high.

Historically, Bitcoin’s average gain in July is 9.1%, with positive returns recorded in 7 out of the past 10 Julys. This time, several powerful catalysts are driving the market: 1) U.S. stock markets have reached record highs; 2) Trump is increasing pressure on the Federal Reserve; 3) The “Big and Beautiful Act” has passed, raising the debt ceiling.

All of this has created an extremely bullish macro environment for Bitcoin. Whether there is even more room for this rally will be further explored in subsequent analyses—but so far, the trend has matched previous forecasts exactly.