{"id":50626,"date":"2023-07-01T15:28:36","date_gmt":"2023-07-01T15:28:36","guid":{"rendered":"https:\/\/lydian.io\/?p=50626"},"modified":"2023-07-01T15:28:38","modified_gmt":"2023-07-01T15:28:38","slug":"bitcoin-price-never-lost-more-than-10-in-july-will-2023-be-different","status":"publish","type":"post","link":"https:\/\/lydian.io\/bitcoin-price-never-lost-more-than-10-in-july-will-2023-be-different\/","title":{"rendered":"Bitcoin Price Never Lost More Than 10% in July \u2013 Will 2023 be Different?","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"<div class='booster-block booster-read-block'>\n                <div class=\"twp-read-time\">\n                \t<i class=\"booster-icon twp-clock\"><\/i> <span>Read Time:<\/span>2 Minute, 32 Second                <\/div>\n\n            <\/div><p><\/p>\n<p>Bitcoin (BTC) is up 12% in June, however one forecast says the great instances for bulls will quickly be over.<\/p>\n<p>in a single <a rel=\"nofollow noopener\" href=\"https:\/\/twitter.com\/CryptoBullet1\/status\/1675100015398641664\/photo\/1\" target=\"_blank\">tweet<\/a> On July 1, common dealer CryptoBullet admitted that July won't supply way more upside for BTC value.<\/p>\n<h2>Merchants: BTC value rally \u201cdoubtless\u201d to finish this month<\/h2>\n<p>Regardless of a last-minute crash, Bitcoin managed to finish June in a stable place due to macroeconomic information.<\/p>\n<p>Knowledge from Cointelegraph Markets Professional, <a rel=\"nofollow noopener\" href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/?exchange=BINANCE\" target=\"_blank\">TradingView<\/a> And <a rel=\"nofollow noopener\" href=\"https:\/\/www.coinglass.com\/today\" target=\"_blank\">CoinGlass<\/a> confirms that Bitstamp's month-to-month shut was $30,465.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2023-07\/26bbc1b5-9277-407e-bef8-f4fb7b6bd18a.png\"\/>BTC\/USD 1 hour chart.  Supply: TradingView<\/p>\n<p>These ranges proceed into the weekend, with the previous month marking Bitcoin's greatest June efficiency since 2019.<\/p>\n<p>In historic comparability, July appears to be like even higher;  All through its historical past, BTC value motion has by no means misplaced greater than 10% over the month.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2023-07\/2e62f90c-2e1d-4ebe-8830-56b82a252bb8.png\"\/>Month-to-month returns of BTC\/USD (screenshot).  Supply: CoinGlass<\/p>\n<p>Nevertheless, for CryptoBullet, \u201cfrequent sense\u201d dictates that BTC\/USD ought to break beneath some key transferring averages.<\/p>\n<p>\u201cSo June stunned me.  Now we have fairly a bullish month-to-month shut: BTC examined the MA50, rallied strongly and managed to retake the EMA21!\u201d he commented on the month-to-month chart. <\/p>\n<p>\u201cI can reiterate what I mentioned: $BTC can rally to 35,000 (to chase liquidity) however this medium-term upside rally is coming to an finish.  In all probability this month.\u201d<img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2023-07\/ba4f5a14-10e4-4e9f-bc18-fe33ddc264a3.jpeg\"\/>Annotated BTC\/USD chart.  Supply: CryptoBullet\/Twitter<\/p>\n<p>The idea of chasing liquidity within the decrease $30,000 zone stays common as a concept for value continuity.<\/p>\n<p>Amongst these following is buying and selling suite DecenTrader, which highlighted leveraged quick positions this week, amounting to $35,000.<\/p>\n<p lang=\"en\" dir=\"ltr\">This goes nicely with the massive piece <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&ref_src=twsrc%5Etfw\">#Bitcoin<\/a> Liquidity nicely in extra of $35,000.<\/p>\n<p>If we see cascading quick liquidations, it'd make sense to scale to the Moonraker resistance at $37,000. <a rel=\"nofollow\" href=\"https:\/\/t.co\/JR4J24Ak8H\">https:\/\/t.co\/JR4J24Ak8H<\/a> <a rel=\"nofollow\" href=\"https:\/\/t.co\/3CEJQ9bvOI\">pic.twitter.com\/3CEJQ9bvOI<\/a><\/p>\n<p>\u2014 Decentrader (@decentrader) <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/decentrader\/status\/1673961418775830528?ref_src=twsrc%5Etfw\">June 28, 2023<\/a><\/p>\n<h2>Battle for month-to-month bitcoin charts<\/h2>\n<p>Elsewhere, a broadly optimistic Rekt Capital was enthusiastic about what he referred to as a \u201cwholesome technical retest\u201d of sub-$30,000 ranges for Bitcoin regardless of the month-to-month shut.<\/p>\n<p><strong>Associated: Bitcoin Speculators Ship 35,000 BTC to Exchanges, Resulting in New 'Excessive Spirit' Influx<\/strong><\/p>\n<p>\u201cBTC has posted a bullish month-to-month shut however is poised for a wholesome technical retest at ~$29,250,\u201d he mentioned <a rel=\"nofollow noopener\" href=\"https:\/\/twitter.com\/rektcapital\/status\/1675115015626448897\" target=\"_blank\">told<\/a> Twitter followers that day. <\/p>\n<p>\"With the present value round $30,500...I'm wondering what damaging catalyst will quickly emerge to allow this technical retest.\"<\/p>\n<p>Further evaluation <a rel=\"nofollow noopener\" href=\"https:\/\/twitter.com\/rektcapital\/status\/1675101713525620739\/photo\/1\" target=\"_blank\">argued<\/a> that even when the BTC value fell beneath this draw back goal, it might not symbolize something \u201cout of the strange\u201d.<\/p>\n<p>\"General nicely positioned for upside potential,\" added Rekt Capital.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2023-07\/ae6994ec-33ec-410e-a2f6-8e17c01c8831.jpeg\"\/>Annotated BTC\/USD chart.  Supply: Rekt Capital\/Twitter<\/p>\n<p><strong>Journal: How Sensible Folks Put money into Silly Memecoins: 3-Step Plan for Success<\/strong><\/p>\n<p class=\"post-content__disclaimer\">This text doesn't include any funding recommendation or suggestions.  Each funding and buying and selling exercise entails danger and readers ought to do their very own analysis in making their resolution.\n<\/p>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/cointelegraph.com\/news\/bitcoin-price-never-lost-july-2023-different\" rel=\u201dnofollow\u201d >Source link <\/a><\/p>\n        <div class=\"booster-block booster-reactions-block\">\n            <div class=\"twp-reactions-icons\">\n                \n                <div class=\"twp-reacts-wrap\">\n                    <a react-data=\"be-react-1\" post-id=\"50626\" class=\"be-face-icons un-reacted\" href=\"javascript:void(0)\">\n                        <img decoding=\"async\" src=\"https:\/\/lydian.io\/wp-content\/plugins\/booster-extension\/\/assets\/icon\/happy.svg\" alt=\"Happy\">\n                    <\/a>\n                    <div class=\"twp-reaction-title\">\n                        Happy                    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